[SMM Analysis] China Accelerates the Construction of a Peripheral Copper Resource Supply Belt

The zinc import price ratio continued to deteriorate in February, with further downside pressure in the outlook

The Most-Traded BC Copper Contract Closed Down 2.66%, Trading Was Sluggish Ahead of the Chinese New Year [SMM BC Copper Review]

Copper Inventories in Major Domestic Regions Continued to Build Up Before Chinese New Year [SMM Weekly Data]

U.S. Non-Farm Payrolls Data Beat Expectations, Interest Rate Cut Expectations Pull Back, Copper Prices Under Pressure and Retreat [SMM Macro Weekly Review]