Daily review: copper prices rose slightly to clinch a deal remain light
1, the international market after the federal reserve officials to address the hawks, Atlanta fed President Dennis Lockhart said that it is possible to raise interest rates twice in 2016; The New York fed President William Dudley said the fed could raise rates on September fastest. Dollar pressure relief from seven weeks of lows, copper confined low open low walk today. As of 16:00 (Beijing time), the London metals ( LME） Copper latest offer $4790 $23.
2, domestic futures in Shanghai today trend, the current month 1609 contracts opened 37230 high low settlement 37200 37110 37310, or 37160 yuan/ton, up 8 yuan, up to 0. 22%; Positions, clinch a deal in Shanghai all contracts 261732 hand today, holdings reduce 11176 to 504588 hands. Main contract deal 177690 hands, holdings to reduce 8308 to 230482 hands.
3, the spot market on August 17, according to statistics the spot 1 # copper to 37240 yuan/ton, a rise of 130 yuan/ton, in the last trading day litres of 50 to 70 liters of water; Shanghai spot 1 # electrolytic copper 37200 yuan/ton, up 135 yuan, smooth water copper clinch a deal the price 37180 yuan rise 150 yuan, 37220 litres of copper price increase 120 yuan. Guangdong spot 1 # copper prices at 37120 yuan/ton, up 100 yuan. Huatong spot 1 # copper prices at 37265 yuan/ton, up 130 yuan/ton. Today's spot copper price increases slightly, the downstream demand is still weak, light volume. Late on July, the fed meeting minutes. Four, industry information
standard bank analyst Samantha Singh said in a report Tuesday, despite the mines shut down, but is expected to Zambia copper production this year will continue to grow. The new project put into production will counteract the effects of several copper closed. , the analysts said this year are expected in Zambia copper production is expected to increase from last year's 711000 tons to 760000 tons, for more new mine production.