Copper review: mixed economic data of copper weak hard to change
Abstract: the global economic uncertainty investor risk aversion to heat up, Friday night copper flat after shock consolidation, downstream supply is adequate, final demand, expected this week prices weak hard to change, this is copper or dipped.
today's copper price analysis and forecast: a.
in the international market strong us retail sales figures released Friday inspired market concerns about the federal reserve to raise interest rates in June fastest, and pushed us dollar index rose to a two-week high, the global economic outlook uncertainty investor risk aversion to heat up, Friday night copper flat after shock consolidation, the latest closing price of $4622;
The plate of copper low open today, 9:10 latest offer for $4611 down to $11.
the London metal exchange on May 13, according to data released copper inventories to reduce 3325 tons to 156675 tons.
Cancel the LME copper warehouse inventory than 23.
Domestic market Shanghai copper low open today, 1605 contracts opened 35300 yuan, the current month fell 10 yuan, 9:10 contract offer 1605, 35180 yuan in Shanghai copper fell 130 yuan;
China bureau of statistics according to data released over the weekend, April industrial production, total retail sales of social consumer goods, and 1 -
April year-on-year growth of investment in fixed assets across the back.
The only real estate outshine others, 1 -
In April the national real estate development investment of record for a year.
Economic data quality parameter, the current domestic market spot copper supply is adequate, final demand, expected this week prices weak hard to change, this is copper or dipped.
hot financial information 1.
The National Bureau of Statistics latest data show that industrial output increased 6% year-on-year in April, 6 less than expected.
5%, well below value before 6.
Total retail sales of social consumer goods 10 year-on-year in April.
1%, expected 10.
6%, before ten.
Urban fixed asset investment compared with 10 in April.
5%, 11%, value before 10.
In April, the national real estate development investment increase compared to the 7.
A year high of 2%, commercial housing sales year-on-year increase 55.
9%, higher than the previous value.
In the first quarter of the growth, after April U. S. retail sales rose in 1.
3%, growth in a year.
The rise in retail sales is a good news for the U. S. economy.
Or this mean that economic growth will be from the first 0.
5% annualized growth is accelerated.