Daily review: negative increase prices down to up
although according to data released over the weekend the April jobs for seven months at least, but encouraging annual salary increase support expected the federal reserve may raise interest rates twice this year. The us dollar has continued strong vibration today, Aaron copper on the plate of low throughout the day oscillation is given priority to, by the Beijing time 16:00, London metals ( LME） Copper latest offer $4705 down to $83.
2, domestic futures today Shanghai copper low open low, low current month 1605 contracts opened 36430 36770 35720 settlement 36030, or 35760 yuan/ton, compared with the previous one trading day down 710 yuan/ton, down to 1. 95%; Positions, clinch a deal today Shanghai copper all contract 899926, 50236 to 767272 hand more holdings. Main contract volume 574206, 30266 to 339126 hand more holdings. Today's short ing drag on Shanghai copper further pressure on prices, pressure 36000 short-term concern.
3, the spot market, according to statistics show spot on May 9, 1 # copper 36040 - quotation 36060 yuan/ton, compared with the previous deal fell 460 yuan/ton, premium 40 to 60 yuan/ton premium; Shanghai spot 1 # electrolytic copper 35980 yuan/ton, compared with the previous trading day down 450 yuan/tons, smooth water copper clinch a deal the price down 35970, 450, 35990 litres of copper price fall 450; Guangdong spot 35930-1 # copper prices 36130 yuan/ton, compared with the previous trading day down 470 yuan/ton; Huatong spot 36065-1 # copper prices 36085 yuan/ton, compared with the previous trading day down 460 yuan/ton; Decline in China's copper imports from a record high in April, further hurting the copper market sentiment, the negative increase, short-term copper or easy down hard up.
related to watch
announced on May 8, the General Administration of Customs, China's imports of unwrought copper and copper in April, 450000 tons of imports of unwrought copper and copper in March of 570000 tons. 1 - In April of unwrought copper and copper imports of 1883 tons; In the same period last year accumulative total of 153 tons, year-on-year increase in 23. 1%.