On September 14, JIANGXI COPPER fell 3.15% in regular trading, trading at 33.86 HKD/share, with turnover of approximately 274 million HKD. The decline extends a multi-day selloff in the copper sector.
On the news front, copper stocks came under renewed pressure as reports indicated the White House has yet to reach a decision on refined copper tariffs. The previous arbitrage logic of shipping copper to the U.S. in anticipation of tariffs has weakened, triggering a concentrated squeeze-out of the tariff expectation premium. Following the news, both LME and COMEX copper prices plunged over 4% in a single session. Meanwhile, U.S. August core CPI inflation came in above expectations, pushing the market-implied probability of a 25bp Fed rate hike in September to nearly 90%, further weighing on copper prices.
Within the Copper sector, stocks broadly declined. Among peers, CHINFMINING fell 4.0%, CDAYENONFER fell 4.0%, JINXUN RESOURCE fell 1.81%, while JINCHUAN INTL and CMRU were flat.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)