The price of buyer is declining in the midst of fear of the hell of the trade war

Copper prices fell in London after City Group warned about the risks of low prices due to the impact of US rates on demand. This decline came after the price of the metal rose by about 8% this year thanks to the power of real demand in the market, while the index, which detects six main contracts on the London Metal Stock Exchange, is closed at the highest level on Tuesday. Copper price expectations can maintain its current levels at approximately $ 9400 per tonne until early April, after which the application of US customs gap lights can lead to a drop in prices to $ 8,500 within three months, according to analysts at City Group, including Tom Molkoer, in a research note. Also read: copper prices deepen their losses after Trump’s statements regarding the fees. Analysts said the difference between copper prices on the “Comex” and the London Metal Stock Exchange could accommodate $ 1400 per tonne, compared to more than $ 800 per ton, as the imposition of customs duties increases the price of buyer in the US market. The price of copper fell 0.4% to $ 9438.50 per ton at the London Metal Stock Exchange at 10:14 Shanghai time, amid a contrasting performance of other basic minerals. In the iron markets, the future contracts for iron ore in Singapore settled about $ 106.60 per tonne. The future contracts in Dalian, traded with the Chinese Yuan, remained unchanged, while steel contracts in Shanghai recorded a slight increase.