Daily review: a drop in oil prices increasing market bearish sentiment copper under pressure
a technical trend analysis,
in the international market of crude oil for 16 oil producers in the doha talks failed to reach an agreement, frozen production today beautiful oil fell 5%; As a result, today's copper throughout the disadvantaged consolidation, by the Beijing time 16:00, London metals ( LME） Copper latest offer $4781 down $25.
2, domestic futures today in Shanghai in month, 1605 contracts opened 36620 high 37000 low current month settlement, 36770, 36540 or 36570 yuan/ton, compared with the previous trading day down 350 yuan/tons, drop to zero. 95%; Hand positions, clinch a deal today all contracts, 636206, 3886 to 711286 hand more holdings. Main contract deal 421168 hands, holdings to reduce 2394 to 293264 hands. Today Shanghai copper volatile, short-term wait-and-see is given priority to, a new message waiting for guidance.
3, the spot market, according to the data statistics show that the spot on the 18th April 1 # copper 36830 - quotation 36850 yuan/ton, compared with the previous deal fell 90 yuan/ton, discount discount 70 to 50 yuan/ton; Shanghai spot 1 # electrolytic copper to 36750 yuan/ton, compared with the previous trading day down 150 yuan/tons, smooth water copper clinch a deal the price down 36730, 140, 36770 litres of copper price fall 140; Guangdong spot 36780-1 # copper prices 36980 yuan/ton, compared with the previous trading day down 80 yuan/ton; Huatong spot 36855-1 # copper prices 36875 yuan/ton, compared with the previous trading day down 90 yuan/ton; Spot copper discount expand today, affected by a drop in oil prices, the copper market merchants trading, trading volume is limited.
related to watch
on April 17, according to media messages, Chile suffered heavy rains in central China, which leads to global miners Anglo ( 英美资源集团Plc) And the world's largest copper producer - Codelco to suspend operation of two large copper mine, the two copper total annual capacity of 880000 tons. Previously, in March 2015, Chile has flooding, earthquake happened in in September 2015, these are different degree of influence on Chile's copper production. Codelco said the production suspension copper output will lead to the loss of 5000 tons, but its other mining area at present are normal operation. In addition,, Los Pelambres copper is also normal operation, the copper mine in Chile for the first time, 240 kilometers northeast of Santiago. Chile's most of the copper mine is located in the country's northern desert area, is not a bad weather.