Daily review: the market volume was light copper prices fell slightly
negotiations between producers no substantial progress, oil bulls discouraged, and plate of oil continued weak today, dollar weigh on base metals, copper today shock slump, as of 16:00 (Beijing time), the London metals ( LME） Copper for the latest price is $4778, down $30.
2, domestic futures in Shanghai today, the weaker the current month 1610 contracts opened 38000 high low settlement 37850 37630 38080, or 37710 yuan/ton, down 210 yuan, drop to zero. 55%; Positions, clinch a deal today Shanghai copper all contract 333332, 1204 to 466170 hand more holdings. Main contract volume 197824, 2920 to 205370 hand more holdings.
3, the spot market, according to data shows: on October 13, spot 1 # copper to 38080 yuan/ton, the last trading day down 90 yuan/ton, 150 litres of water to 170 litres of water; In the Shanghai area 1 # electrolytic copper 38000 yuan/ton, down 100 yuan, smooth water copper fell 65 clinch a deal the price 37995 yuan, 38040 litres of copper price fell 55; Guangdong spot 1 # copper prices at 37970 yuan/ton, down 70 yuan. Huatong spot 1 # copper prices at 38105 yuan/ton, down 90 yuan/ton. Domestic spot copper price decline today, shipment of traders actively, downstream purchase intention is not high, volume is relatively light. Four, industry information
copper committee Cochilco is expected on Wednesday, the country's copper output will reduce 3, 2016. 9% to 5. 4 million tonnes, but rebounded 5, 2017. By 5% to 5. 85 million tons. Both below Cochilco forecast to the July was expected to Chile this year and copper production 570000 tons and 5. 92 million tons respectively. Copper Cochilco while maintaining 2016 forecast in 2 per pound. $15, 2017 to 2. $20.