Copper review: Aaron copper stocks hit a five-month high copper prices continue to fall
Abstract: inventory increased continuously, London copper fell 1.
02%, depreciation will boost domestic commodity import costs, expectations of the copper market demand atrophy on copper, copper is expected today is slightly down.
today's copper price analysis and forecast: a.
The international market the LME copper stocks add 2 on Wednesday.
360000 tons, the current inventory level in high, nearly five months since early June in copper stocks have soared 45%;
Stocks rose sharply on copper, copper after data released yesterday extended losses, evening disadvantaged consolidation, the latest closing price to $4769, down $49, down to 1.
Clinch a deal 02%, position 337109 an increase of 5540 hands, 34648;
Global growth is slow and the concerns of the Chinese copper demand in the market sentiment, copper maintain consolidation is expected to days.
the London metal exchange, according to data released on July 6, copper inventories increased 23625 metric tons to 222550 tons.
Cancel the LME copper warehouse inventory than for 22.
Domestic market Shanghai copper low open today, 1607 contracts opened the current month of 36770 yuan, down 550 yuan, 9:10 contract offer 1607, 37160 yuan in Shanghai copper fell 160 yuan;
Copper inventories in two consecutive days, short-term copper under pressure;
The recent consecutive decline to rising cost of domestic imports, as the largest importer of copper and the depreciation of the RMB has blocked the import, so as to make the domestic demand, copper prices failed to find demand for support, the evening continued weakness;
Shanghai copper weak consolidation today, is expected to spot copper fell.
hot financial information 1.
On Wednesday, the fed FOMC meeting minutes in June, according to officials pointed out that the uncertainty of the us Labour market on the rise, financial stability and low threat to outlook.
The fed thinks, before raising interest rates, it is prudent to wait for more data and Britain withdrew the situation.
Fed officials in such aspects as how to raise interest rates, economic outlook, inflation, there is a big differences.
The institute for supply management (
Released data show that the United States in June the ISM non-manufacturing index of 56.
5, 53 of higher than expected.
3, also higher than 52 in May.
9, a seven-month high.
Breakdown, the employment index, index of new orders and business activity index rose across the board.