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Daily review: the central bank's policy-setting meeting on the eve of copper shock consolidation

by:Deyuan      2020-12-23
Copper market analysis, the international market a

Beijing time on July 14th at 19:00, the bank of England will report back after the referendum in the first interest rate decision, given that a referendum on Britain's economic impact and the bank of England governor carney had said, the market prospect of Britain may cut interest rates as high as 80%. Copper shock consolidation today, afternoon rose slightly, by the Beijing time 16:00, London metals ( LME) Copper latest offer $4956 up $20.


2, domestic futures copper today Shanghai consolidation is given priority to, the current month 1607 contracts opened 38720 high low settlement 38310 38110 38800, or 38360 yuan/ton, down 10 yuan, drop to zero. 03%; Positions, clinch a deal today Shanghai copper all contract 666484, 16400 to 654666 hand more holdings. Main contract volume 448580, 11562 to 306792 hand more holdings. Futures during the delivery, market sentiment should be cautious, today Shanghai copper shock consolidation.


3, the spot market spot on July 14, according to statistics, 38410-1 # copper 38430 yuan/ton, compared with the previous trading rose 230 yuan/ton, premium from 0 to 20 liters of water; Shanghai spot 1 # electrolytic copper 38360 yuan/ton, down 150 yuan, smooth water copper clinch a deal the price down 38340 yuan 150 yuan, 38370 litres of copper price fell 160 yuan; Guangdong spot 1 # copper prices at 38450 yuan/ton, up 270 yuan/ton; Huatong spot 1 # copper prices at 38445 yuan/ton, up 230 yuan/ton; China's copper imports fell in June 2. 3% to 420000 tonnes, but still remain strong. Overall domestic import and export data is less than expected display inside and outside the downturn, the market is still the hope that the economic stimulus policies introduced in China. Today's spot copper price generally held steady, the market supply adequate, and demand is limited, clinch a deal not obviously improved. Four, industry information


on July 13, according to the Washington news, the United States on Wednesday as China's nine key metals and minerals tariffs filed a challenge, says its violation of world trade organization ( WTO) Regulations, and to give an unfair advantage over China's manufacturing industry. The U. S. trade representative's office said, in the hope that China has canceled antimony, cobalt, copper, graphite, lead, magnesium oxide, talc tin, tantalum, and from 5% to 20% of the export tariffs, these are from the aerospace, automotive, electronic key input material and chemicals. Office, according to the tariff leads to the rising cost of manufacturing, while Chinese competitors do not have to pay these costs.
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