Daily review: first demand for copper prices been warmed up
the recent U. S. data mixed, chief economist at Goldman sachs said that currently exist the possibility of 65% indicates that the federal reserve to raise interest rates in December. Macquarie bank said, according to the upper limit of baseline assumptions and assume that all the fed will raise interest rates twice in 2017. As of 16:00 (Beijing time), the London metals ( LME） Copper for the latest price is $4811, up $14.
2, domestic futures in Shanghai today weak shocks, high current month 1610 contracts opened 37590 low settlement, 37440, 37260, 37590 or 37490 yuan/ton, down 90 yuan, drop to zero. 24%; Positions, clinch a deal in Shanghai all contracts 286806 hand today, holdings reduce 13616 to 449096 hands. Main contract volume 80366, 1212 to 160920 hand more holdings.
3, the spot market, according to data shows: spot on September 28, 1 # copper to 37680 yuan/ton, a rise of 20 yuan/ton, in the last trading day of 200 litres to 220 litres of water; In the Shanghai area 1 # electrolytic copper 37600 yuan/ton, flat, smooth water copper fell 65 clinch a deal the price 37610 yuan, 37640 litres of copper price RMB 55; Guangdong spot 1 # copper prices at 37580 yuan/ton, down 15 yuan. Huatong spot 1 # copper prices at 37705 yuan/ton, up 20 yuan/ton. Domestic spot copper prices overall today or not, the shipper of bullish on first demand, offer hold firm, downstream procurement actively, clinch a deal the warmer. Four, industry information
& other; Five-year & throughout; During the Chinese mining investment in fixed assets 6. 72 trillion yuan, a & other; 11th five-year plan & throughout; Growth in 74. 7%. With & other; 11th five-year plan & throughout; Compared to the late, & other Five-year & throughout; At the end of the main minerals identified resources reserves, copper 9910. 23, 20000 tons of growth. 3%; “ Five-year & throughout; 52 to newly discovered properties, copper mine, the heavy large at 11, the new identified resources reserves of 23. 41 million tons, in Tibet, jiangxi, yunnan new agent for a number of world-class copper mining area.