Copper Prices to Face less Pressure on Expectations of Fed Rate Hike Ending

SHANGHAI, Apr 14 - Many downstream processing enterprises are less sensitive to changes in copper prices, and only maintain on-demand purchases. End-user consumption is far behind the market expectations. The current fundamental impact is weakening, and the market is more affected by macro data. As the Fed is expected to end its interest rate hike, the pressure on copper prices has weakened.