Today, the international commodity market showed a trend of differentiated strength. Industrial metals surged collectively, the crude oil market fluctuated mildly, and precious metals broke out strongly. The different trends of various varieties reflect the structural demand changes in the process of global economic recovery. As of 14:37 on February 9, the domestic crude oil main contract futures price was quoted at 466.1 yuan, a slight drop of 0.26%, showing a volatile consolidation trend intraday.
In the crude oil market, today’s opening price was 464.8 yuan, the highest reached 474.7 yuan, the lowest 457.2 yuan, with a trading volume of 117,088 lots, and the overall fluctuation range was limited. Although the tense geopolitical situation in the Middle East provided certain support for oil prices, the expected slowdown of global economic growth and relatively abundant crude oil supply restrained the upward space of oil prices, and it is expected to maintain a volatile consolidation pattern in the short term.
Industrial metals, on the other hand, ushered in an overall surge. LME Copper broke through 9100 US dollars per ton, a new high in a month, and other industrial metal varieties rose synchronously. The core driver comes from the improvement of global manufacturing recovery expectations and the demand pull from new energy and high-end manufacturing fields. With the improvement of the stability of the global supply chain, the industrial demand for industrial metals continues to be released, supporting the steady upward movement of prices.
In addition, the cryptocurrency market recovered synchronously. Bitcoin rose 3.2% to 69,580 US dollars, and Ethereum broke through the 2100 US dollar mark, reflecting that under the background of improved global liquidity environment, both risky assets and safe-haven assets have gained favor from funds. Industry insiders reminded that commodity prices are greatly affected by macro policies and supply-demand relations, and fluctuations may intensify in the short term, so investors need to do a good job in risk prevention and control.
