Daily review: investors on the sidelines of copper city light volume in the weekend
mixed global data this week, the market digest the impact of the latest federal reserve meeting minutes, today the dollar index according to the strong consolidation, the weekend approaches, market sentiment, copper vulnerable, as of 16:00 (Beijing time), London metals ( LME） Copper for the latest price is $4794, down $15.
2, domestic futures in Shanghai today strong, the current month 1609 contracts opened 37410 high low settlement 37230 37170 37410, or 37330 yuan/ton, up 160 yuan, up to 0. 43%; Positions, clinch a deal in Shanghai all contracts 232544 hand today, holdings reduce 4420 to 508572 hands. Main contract deal 159022 hands, holdings to reduce 4320 to 234600 hands.
3, the spot market on August 19, according to statistics the spot 1 # copper to 37200 yuan/ton, compared with the previous trading day down 50 yuan/tons, 10 to 30 liters of premium; Shanghai spot 1 # electrolytic copper 37170 yuan/ton, down 15 yuan, smooth water copper clinch a deal the price RMB 37150 yuan, 37185 litres of copper price dropped 20 yuan. Guangdong spot 1 # copper prices at 37125 yuan/ton, down five yuan. Huatong spot 1 # copper prices at 37225 yuan/ton, down 50 yuan/ton. Spot copper price rise and fall is not big, today the weekend approaches, more strong wait-and-see mood, downstream market clinchs a deal remain light. Four, industry information
electric on August 19, according to the news, PT Indonesia oil and gas corporation Medco Energi Internasional President told reporters that the company plans to invest $500 million to build a copper smelter, previously completed to Newmont Nusa Tenggara ( NNT) The acquisition of the equity. The company's President, Muhammad Lutfi said in an interview, the smelter is expected to begin in 2021, annual production capacity of 500000 tons. Lutfi said, as part of the diversified production, copper and gold in the future is likely to account for 30 - revenue 50%. He added that the company plan to sell Indonesian domestic automobile, electronic, and cable industry copper products.