Daily review: the global copper market shortage of copper prices higher vibration
the dollar index dropped today, morning London copper edged lower after concussion higher, as of 16:00 (Beijing time), the London metals ( LME） Copper latest offer $4998 up $39.
2, domestic futures in Shanghai today leave high to go lower, the current month 1608 contracts opened 38020 high low settlement 38400 37850 38600, or 38580 yuan/ton, up 260 yuan, up to 0. 68%; Positions, clinch a deal today Shanghai copper all contract 586998, 3908 to 631372 hand more holdings. Main contract deal 351616 hands, holdings to reduce 6308 to 270376 hands.
3, the spot market on July 21, according to statistics the spot 1 # copper to 38450 yuan/ton, the last trading day rose 230 yuan/ton, premium of 10 to 30 liters of water; Shanghai spot 1 # electrolytic copper 38420 yuan/ton, up 190 yuan, smooth water copper clinch a deal the price 38410 yuan rise 190 yuan, 38435 litres of copper price increase 195 yuan. Guangdong spot 1 # copper prices at 38430 yuan/ton, up 200 yuan/ton; Huatong spot 1 # copper prices at 38475 yuan/ton, up 230 yuan/ton; Global copper supply reduce expectations, today's spot copper prices rise, the shipper offer positive, market supply adequate, inquiry is active, but the downstream will pick up the goods is not high, the market clinch a deal. Four, industry information
the world metal statistics ( WBMS） Website monthly report released on Wednesday showed, 1-2016 In may, the global copper market shortage of 4. The excess supply of 80000 tons, 2015 3. 730000 tons. In late may copper stocks fell, the inventory when less 3 from the end of last year. 70000 tons. 1 - Global copper production to 8. 14 million tons, May 4 increase from the same period in 2015. 8%; Global refined copper production increase to 9. 66 million tons, year-on-year increase 4. Yield greatly increased 260000 tons of 0%, as China, Chile yield greatly increased 3. 60000 tons. 1 - Global consumption of copper of 970 in May. 60000 tons, in the same period of 2015 to 913. 60000 tons. 1 - China's apparent copper consumption may increase from the same period a year earlier to 48. 70000 tons to 484. 10000 tons, accounting for 50% of global copper demand.