Copper Indurstry And The Factor Analysis Of Copper Price

Copper is a very important raw material widely used in machinery manufacturing including agricultural machinery, construction machinery, mining machinery, industrial machinery, commercial and service industry machinery, electrical power transmission equipment, household appliances, Computer and electronic products, navigation, measurement, control of electronic medical equipment, precision instruments, transport equipment manufacturing (including motorcycles, cars, planes, ships and trains, etc.).The consumption of copper to some extent reflects world economic development level. On the other hand, in a certain period, country's copper consumption and changes may be indicate the speed of change in their economic development。Because a lot of the production operations are related to copper, copper price fluctuations and the productivity of enterprises have close links.To guard against fluctuations in copper prices, guarantee the normal business operations, the copper futures could effectively prevent copper fluctuations in operating risks.There are many factors that effect copper price, and we divide them into 3 parts, the macroeconomics, Supply and demand and market part. In order to investigate a variety of related factors on the impact of copper prices, this paper based on correlation analysis, and then using multiple linear regression model to identify the relationship between these variables. By stepwise regression to eliminate multicollinearity between variables, the Dow Jones industrial average, Brent crude oil futures prices, the U.S. purchasing managers index, the U.S. dollar index are retained, and each of the four factors could pass the t test.In a rapidly changing world, the price of copper ups and downs like a roller coaster. Copper products business must have a firm grasp of the international price of copper transformation rules, make full use of futures and other financial products to achieve maximum profits and stable income, and in accordance with scientific development concept and create a peace harmonious society, a reasonable industrial layout, by strengthening the management, technological advancement and optimization of integration, lower production costs, with our own technological innovation among the key technology to enhance business development background, comprehensively enhance the comprehensive strength. Only in this way we can survival in the fierce market competition in an invincible position.