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Color: domestic demand is still weak 16 copper or went sideways

by:Deyuan      2020-12-25
Yangtze river copper key to: global economic growth is expected to downgrade, London copper pressure closed down $44, mine supply tension or conduction to refined copper, but domestic demand is still relatively weak, expected this is now the copper price is not big.

【 Copper futures market. The IMF to cut global growth forecast to 3% this year, a new low since the global financial crisis, London copper confined downward, the latest closing price is $5776 / ton, down $44, or 0. 76%, reducing 5080, volume 11688 holdings 283294 hand cut 2749 hands. Night Shanghai copper shock consolidation, main 1912 contract latest closing price 46940 yuan/ton, compared with the previous day settlement price.

the Yangtze copper net news: recent strike in Chile, Peru's mining frequent disturbance, production increased uncertainty, TC remained low copper concentrate, copper supply tension or conduction to refined copper, research shows that domestic electrolytic copper production or will fell in September, but domestic demand is still relatively weak, China September year-on-year decline in PPI, for three consecutive months of negative growth, limited prices rebounded, now is little spot copper prices rise and fall. The Yangtze river metal extraction solution network WWW. 。 Cn tel: 0592 - 5668838
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