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LME copper prices have declined, with copper inventories surpassing 900,000 tons, doubling compared to the beginning of the year. The surge in inventories has led to a significant discount for LME spot copper relative to three-month copper contracts. Is downward pressure accelerating?

Glonway April 10｜Airbus announced that it delivered 60 aircraft in March, with a total of 114 deliveries in the first quarter, a year-on-year decrease of 16%.

Data shows that from January to March, the total trading volume in the national futures market reached 2.601 billion contracts, with a cumulative turnover of 256.71 trillion yuan, representing year-on-year increases of 40.64% and 58.43%, respectively. According to March data, trading activity in the bulk commodity market remained vibrant, with the energy chemicals and metals sectors performing particularly well. Fuel oil futures turnover saw a sharp year-on-year increase of 244.55%. The new energy metals sector continued its strong performance. Lithium carbonate futures turnover grew by nearly 4.7 times compared to last year, with market enthusiasm steadily rising, reflecting that varieties related to the new energy industry chain remain key focal points in the market. In March, gold futures turnover exceeded 10 trillion yuan, up 68.55% year-on-year, and the overall transaction scale stayed at historic highs, highlighting the irreplaceability of precious metals as safe-haven assets. As of now, China's futures market has listed 165 futures and options products, basically covering the main areas vital to the national economy and people’s livelihoods, providing enterprises across various industry chains and with different risk preferences a diverse array of hedging tools.