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[QUOTE="SOLIDECN, post: 227934, member: 80239"]
[HEADING=1]US Dollar, China Data Influence Copper Market[/HEADING]
[JUSTIFY]In January, copper futures dipped below $3.9 per pound, moving away from the five-month peak of $3.95 reached on December 27th. This decrease is a result of the US dollar's resurgence and some profit-taking activities by commodity trading companies.

The rebound of the US dollar, as traders evaluate the Federal Reserve's potential policy changes this year, has made copper, which is priced in this currency, more expensive for importers, leading to a drop in prices. Additionally, the demand from major Asian customers, particularly China, is under scrutiny.

The conflicting signals from China's official manufacturing PMI and the broader Caixin data have created uncertainty about the future copper demand in the country. Despite a modest rise in copper prices last year, market experts have been accumulating long positions in copper, anticipating that supply might not meet the strong future demand driven by the global push for electrification.[/JUSTIFY]
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