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Copper review: waiting for the fed meeting results copper market movements carefully

by:Deyuan      2020-12-23
Abstract: the fed meeting this week before some investors profit leave, evening copper fell small drop $7, for Peru new mine production will make the global copper market into excess concerns on copper, copper material today is small.

today's copper price analysis and forecast:
a.
in the international market in the week before the results of the fed's policy meeting attitude towards cautious market, some investors profiting off, due to improving economic data in the United States, as well as to the British concerns ease back the negative influence, and make some investors believe the fed will raise interest rates in the year; Evening copper weak turbulence is given priority to, closed slightly down $7, the latest closing price to $4916.

the London metal exchange, according to data released on July 25, copper inventories to reduce 1375 metric tons to 221350 tons. Cancel the LME copper warehouse inventory than for 38. 78%.

2. Domestic market
Shanghai copper low open today, 1608 contracts opened 38130 yuan, the current month 30 yuan, 'Shanghai copper 1608 contract offer 37800 fell 300 yuan; Concerns about the global copper market this year or to supply glut, as the world's major producer of copper power Peru will be put into production this year LasBambas and CerroVerde two mines, new mine will bring a lot of supply, data show that in 2015 China's imports from Peru copper concentrate accounted for 20% of the total, and 1-2016 May have increased to 25. 6%, so Peru supply growth will cause certain impact to domestic copper market, short-term market have different attitude, sentiment so we would like to, now is today's spot copper fell slightly.

hot financial information
1. On Monday, a weaker oil prices, the United States oil ended at 3 months, low energy stocks fell drag down stock movements; At the same time, investors cautious waiting for more results, and the central bank interest rate meeting this week, trading volume is relatively light. German business environment is good, European stocks rise and fall. Market is expected to pass this week's FOMC meeting hawkish signals, weak demand for U. S. Treasury prices fell. C $$moderate callback, stabilizing, yen weakness, gold and silver fell slightly.

2. The next two days will be a policy-setting meeting, probability of only 8%, the market is expected to raise interest rates and expectations of rates at least once by the end of substantial warming to 47. 5%, than the UK 7 after the referendum. 7% minimum levels soared nearly six times. Mainly market bullish on the U. S. economy, and the results more than expected, U. S. stocks high frequency innovation, these adjustments are boosting market expectations.
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