Daily review: the downstream demand purchasing copper market clinch a deal
market, international market of Friday's payroll data is generally good, if the data well, reason the fed raising interest rates will be more fully, short-term dollar continued to be strong, weak rising base metal pressure, copper shock consolidation is given priority to, today by 16:00 Beijing time, London metals ( LME） Copper for the latest price is $4624, up $15.
2, domestic futures today Shanghai copper low consolidation, the current month 1609 contracts opened 36220 high low settlement 36270 36120 36350, or 36320 yuan/ton, down 70 yuan, drop to zero. 19%; Positions, clinch a deal in Shanghai all contracts 269064 hand today, holdings reduce 7672 to 515630 hands. Main contract deal 142170 hands, holdings to reduce 14578 to 196118 hands. Market on Friday's U. S. jobs data, as the basis of whether the fed to raise interest rates.
3, the spot market on August 31, according to statistics the spot 1 # copper to 36390 yuan/ton, the last trading day down 100 yuan/ton, 80 litres of water to 100 litres of water; In the Shanghai area 1 # electrolytic copper 36300 yuan/ton, down 100 yuan, smooth water copper clinch a deal the price down 36345 yuan, 105 yuan, 36365 litres of copper price fell 110 yuan; Guangdong spot 1 # copper prices at 36290 yuan/ton, down 110 yuan. Huatong spot 1 # copper prices at 36415 yuan/ton, down 100 yuan/ton. Spot copper price decline today, the shipper of normal shipment, downstream demand on dips procurement, market clinch a deal. Four, industry information
- of Chile's state copper company - Codelco's Salvador laurel copper mine workers started to vote on Tuesday, with whether to accept the management's offer pay proposal the outcome of the vote to decide whether to strike. Workers vote only two, one is to accept the management's salary proposal, if the voting didn't get through, workers will start to strike. Salvador laurel copper for - Codelco smallest copper mine. But once workers vote to strike the proposal, Codelco may face some trouble. But the mine's union leaders Waldo Ponce, said the union will not accept the management of the salary proposal.