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Copper review: Aaron copper stocks soared copper price pressure will fall

by:Deyuan      2020-12-25
Abstract: night $index edged up on copper, copper shock downward fell $7, yesterday's copper stocks soared to market outlook worries revived demand for copper, copper in Shanghai or have pressure, material is copper fell slightly. ( )

today's copper price analysis and forecast:
a.
the international market dropped to - the fed job market status indicators 4. 8, sharply below expectations, and is the fifth consecutive month below zero, shows the us Labour market deteriorated with seven years the fastest speed. The federal reserve in June and July to raise interest rates expected fell sharply. The data, the dollar index fell slightly after the rebound, copper fell back pressure oscillation, late fell $7, the latest closing price to $4676.

the London metal exchange on June 6, according to data released copper inventories 20725 mt to 174400 mt. Cancel the LME copper warehouse inventory than for 28. 64%.

2. Domestic market
1606 contracts opened today Shanghai copper current month 36240 yuan, up 80 yuan, the territory of Shanghai copper contract offer $1606 to $36140 down 20 yuan. Yesterday Aaron copper stocks jumped 20725 tonnes, up to 6. Level of 14%, back in early march, off-season factors and poor end demand worries market, evening in Shanghai consolidation, Shanghai copper or remain under pressure today, is expected to spot copper slightly down.

hot financial information
1. The rise in oil prices, the linoleum oil rose more than 2%. ABU dhabi, chairman of the economic development of the Al Mansoori, according to a global supply surplus is shrinking to a faster than expected, this means that the oil prices in 2016 could rise to $60 a barrel. ABU dhabi is the capital of OPEC's fourth-largest oil producer in the united Arab emirates, has most of the country's oil reserves, about 6% of the global total reserves of crude oil.

2. For Friday's far less than expected in May nonfarm payrolls report, the fed chairman yellen on Monday in Philadelphia is the economic outlook and monetary policy in a speech, said the report was disappointing, but not overreact. Yellen largely about the U. S. economy is still optimistic. She said that the fed is likely to need to slowly raise the federal funds rate.
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