Copper review: the Chinese housing market cooling down the copper market demand for copper prices will fall
Abstract: affected by the crude oil fell, and the United States were closed, thin trading yesterday, copper back slightly, the domestic real estate market cooling, the copper market demand, today Shanghai copper or shock consolidation is given priority to, small spot copper price is expected to fall.
today's copper price analysis and forecast: a.
in the international market because of slowing demand from Asia and signs of oil production may increase the price of crude oil, global oil prices on Monday, the U. S. market because of the independence day holiday yesterday, market sentiment light, London copper retreated, closed down $21, latest closing price to $4885, or 0.
the London metal exchange, according to data released on July 4, copper inventories to reduce 725 metric tons to 188400 tons.
Cancel the LME copper warehouse inventory than 27.
in the domestic market in Shanghai today opened higher, 1607 contracts opened the current month of 38340 yuan, up 310 yuan, 9:10 contract offer 1607, 37750 yuan in Shanghai copper fell 280 yuan;
In June the latest Chinese housing market trading volume and price increases the whole both narrowed, the copper market demand outlook or depress, Shanghai copper weak consolidation today, material physical copper fell slightly.
hot financial information 1.
On July 4)
According to the survey, released on July investor confidence in the euro zone to 18 months lows, as investors and analysts worry that the referendum last month withdrawal from the eu will have a huge impact on the economy.
The eurozone in July Sentix investor confidence since June 9.
9 big dropped to 1.
Economists polled by Reuters had expected will drop to 5.
Housing deal area in June year-on-year growth continues to fall, cooling trend constantly validation, the second-tier cities fall.
At the same time, the price whole narrowed, now just a little three cities housing prices month-on-month growth has turned head down.
Essence securities, said the real estate sales and price data for may indicate that the weakness of the real estate market has transmission from first-tier cities to second-tier cities.