Daily review: China's economic growth worries remain price gains were limited
as a British, rising global economic outlook uncertain, market sentiment deteriorated, copper shock consolidation today, by the Beijing time 16:00, London metals ( LME） Copper latest offer $4828 $23. But in Britain after the referendum, investors speculation that the fed will suspend the rate rise, while Britain and the European central bank will expand the loose back to hedge the negative effects. The policy outlook limits the copper losses, face the impact of short-term focus on policy.
2, domestic futures in Shanghai shock consolidation today, 1607 contracts opened 37540 high 37560 low current month settlement, 37360, 37050 or 37270 yuan/ton, down 160 yuan, or 0. 43%; Positions, clinch a deal in Shanghai all contracts 563700 hand today, holdings reduce 15772 to 611058 hands. Main contract volume 320148, 1940 to 250822 hand more holdings. Published today, the Chinese manufacturing PMI data declined, the market in July, China may cut policy rates and reserve requirements expected increase; Market sentiment back cautiously, await further policy guidance.
3, the spot market, according to the statistics show the spot on July 1, 37460-1 # copper 37480 yuan/ton, compared with the previous deal fell 100 yuan/ton, 50 litres of water to litres of 70 yuan/ton; Shanghai spot 1 # electrolytic copper 37425 yuan/ton, down 85 yuan, smooth water copper clinch a deal the price down 37405, 85, 37440 litres of copper price fall 80; Guangdong spot 1 # copper prices at 37550 yuan/ton, down 70 yuan/ton; Huatong spot 1 # copper prices at 37495 yuan/ton, down 100 yuan/ton; Concern about China's economic growth has limited the copper prices rise, spot copper fell today, weak downstream demand, market overall trading co. , LTD. Four, industry information
electric message on June 30, according to the Chilean government data released on Thursday showed that may Chile's copper production of 473825 tons, fell 6. Fell 8% as the ore grade. Chile is the world's largest producer of copper, the country's copper production accounts for about a third of the total global copper production. Although new mines can help boost output, but many aging deposits are facing problems in ore quality.