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Copper review: easing expected renewed copper prices higher again

by:Deyuan      2020-12-23
Abstract: the new economic stimulus policies will be introduced in Europe and China is expected to boost copper demand, evening copper performed better than other metals, and closed up nearly 1%, days after the Shanghai copper or strong shock, copper material is up.

today's copper price analysis and forecast:
a.
in the international market for brings uncertainty in Britain from the European Union, the international monetary fund ( 国际货币基金组织(IMF) Cut its global growth forecast over the next two years, the global economic growth prospects are grim, counting on the European market and China's new stimulus measures, the copper market demand to get a boost, evening leave high to go high copper, late rose 0. 98% to $4984.

the London metal exchange, according to data released on July 19, copper inventories to reduce 3125 metric tons to 226300 tons. Cancel the LME copper warehouse inventory than for 34. 84%.

2. Domestic market
1608 contracts opened today Shanghai copper current month 38280 yuan, up 70 yuan, the territory of Shanghai copper 1608 contract offer 38690 rose 480 yuan; Night Shanghai copper, driven by good policy expectations of strong today maintain strong shocks, is expected to spot copper with rose slightly.

hot financial information
1. The fund raised China's economic growth is expected to 6 this year. 6%, forecast before six. 5%. Lower global economic growth this year is expected to 3. 1%, expected to 3, 2017. 4%, all the April forecast by 0. 1%. Without Britain withdrew the influence, because of the euro zone and Japan's economy is expected to be improved, would have a slight increase in 2017 global growth forecast.

2. On Tuesday, On July 19th) The office for national statistics ( ONS) In June released data show that the UK inflation higher than expected. The consumer price index ( CPI) Rose 0. 5%, the growth rate was the highest since this year, at the same time also is higher than the previous 0. The forecast of 4%.
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