HK Stock Market Move | The copper industry stocks continue to decline, with the market's risk aversion sentiment increasing slightly. Institutions predict that copper prices will be under pressure and fluctuate in the short term.

The copper industry continues to decline. As of the time of writing, CMOC Group Limited (03993) fell by 4.21% to HK$14.8; JIANGXI COPPER (00358) fell by 3.95% to HK$31.58; MMG (01208) fell by 2.68% to HK$6.53; CHINFMINING (01258) fell by 2.21% to HK$13.69. On the news front, the copper price is intensely contested between the bulls and bears. On the supply side, events such as the production suspension in Indonesia's Grasberg, the earthquake in the Democratic Republic of Congo (DRC), and the earthquake in the Aifenhao Mine continue to ferment. However, the international trade situation may have fluctuations, and there is uncertainty in the Federal Reserve's interest rate policy, which may cause some disturbance to the copper price. China Securities Co.,Ltd. Futures released a research report stating that overall, due to the delayed release of economic data caused by the U.S. government shutdown, market risk aversion sentiment has increased, and it is expected that the short-term copper price will be under pressure with main focus on consolidation. Goldman Sachs also pointed out that the short-term price upside potential of copper is limited to $11,000 per ton, although they are optimistic about the long-term copper price, but they believe that the market will remain oversupplied in the short term, limiting the short-term price upside potential.