Daily review: a lack of demand towards spot copper weak hard to change
1, the international market because of the dollar continued to be strong, for the fed to raise interest rates and market timing uncertainty was cautious, short-term commodity prices show weakness, today's copper disadvantaged concussion, by the Beijing time 16:00, London metals ( LME） Copper for the latest price is $4687, down $19.
2, domestic futures today Shanghai copper low open low, low current month 1609 contracts opened 36990 37000 36630 settlement 36770, or 36640 yuan/ton, down 440 yuan, down to 1. 19%; Positions, clinch a deal today Shanghai copper all contract 408048, 28066 to 539910 hand more holdings. Main contract volume 248346, 18594 to 255570 hand more holdings.
3, the spot market on August 24, according to statistics the spot 1 # copper to 36790 yuan/ton, compared with the previous trading day down 310 yuan/tons, liters of 30 to 50 liters of water; In the Shanghai area 1 # electrolytic copper 3670 yuan/ton, down 350 yuan, smooth water copper clinch a deal the price down 36705 yuan, 350 yuan, 36740 litres of copper price fell 335 yuan; Guangdong spot 1 # copper prices at 36670 yuan/ton, down 380 yuan. Huatong spot 1 # copper prices at 36815 yuan/ton, down 310 yuan/ton. Recent performance weak copper prices, weak demand for China's investors expected, spot copper price has dropped to a month and a half today lows, downstream the dips a little stock, clinch a deal the situation slightly better today. Four, industry information
the Chinese customs, according to data released on Wednesday July, China imported 251235 tons of refined copper fell 3. 3%. China in July to import 16817 tons refined zinc, year-on-year fall in 51. 1%. China's import 27129 tons of refined nickel, in July fell 40. 9%. China's imports from the Philippines in July nickel ore 3. 16 million tons, fell 35. 9%.