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Color: fundamentals optimistic about 26 copper or higher now

by:Deyuan      2020-12-23
Changjiang copper key to: domestic electrolytic copper production or will spread to big smelters, overnight in Shanghai extended gains, the downstream demand in general, the fundamentals support the optimistic expectations, is expected today copper rose now.

【 Copper futures market. The London market because of the Christmas holiday, no copper data. CSPT group or will discuss joint production, production, if the agreement means that the electrolytic copper production will spread to big smelters, night Shanghai copper extended gains, to more than eight months high, first month latest closing price quote 2002 contracts in 49760 yuan/ton, up 230 yuan, or 0. 46%.

the Yangtze copper net news: downstream demand in general, the real estate area continue to rebound, completed car from production and sales continue to rebound, the downstream power grid and power investment continue improvement; Copper scrap imports declining, copper concentrate production incremental release is limited, tight supply situation, fundamental optimism to provide support for copper, now is the spot price hikes. The Yangtze river metal extraction solution network WWW. 。 Cn tel: 0592 - 5668838
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