Daily review: poor copper smooth operation downstream clinch a deal
the United States last week, the international market of gasoline and crude oil inventories have both reduce provides support for the oil price, oil price on zhang and basic metals prices, a weaker dollar boosted today leave high to go high copper, and by the Beijing time 16:00, London metal ( LME） Copper latest offer $4826 up $51.
2, domestic futures in Shanghai shock consolidation today, rose modestly, in late 1609 contracts opened the current month 37170 37100 37340 37030 less settlement, or closed at 37310 yuan/ton, up 110 yuan, up to 0. 3%; Positions, clinch a deal today Shanghai copper all contract 266096, 8404 to 512992 hand more holdings. Main contract volume 180484, 8438 to 238920 hand more holdings.
3, the spot market on August 18, according to statistics the spot 1 # copper to 37250 yuan/ton, a rise of 10 yuan/ton, in the last trading day litres of 40 to 60 litres of water; Shanghai spot 1 # electrolytic copper 37185 yuan/ton, down 15 yuan, smooth water copper clinch a deal the price 37160 yuan down 20 yuan, 37205 litres of copper price fell 15 yuan. Guangdong spot 1 # copper prices at 37130 yuan/ton, up to 10 yuan. Huatong spot 1 # copper prices at 37275 yuan/ton, up 10 yuan/ton. Today's spot copper prices remained stable, ample supply of goods, the downstream market enthusiasm is not high, clinch a deal is still light. Four, industry information
Europe's second largest copper producer, Poland KGHM company said on Wednesday, its first half of this year net profit year-on-year shrinking 75%, as prices fall, lead to their business, especially overseas assets revenue fell sharply. The company reported a net profit of 2 during the first half of the year. 9. 6 billion zlotys ( $77. 65 million) 11, lower than the same period last year. 900 million zlotys.