Daily review: the poor data renewed concerns copper prices continued weak global economy
the pound to regain losses, market dollar index is expected to strengthening again, today's commodity prices under pressure, copper weak turbulence, by the Beijing time 16:00, London metals ( LME） Copper latest offer $4791 fell $27.
2, domestic futures in Shanghai today continued weak consolidation pattern, the current month 1607 contracts opened 37680 high low settlement 37325 37000 37680, or 37360 yuan/ton, down 260 yuan, or 0. 69%; Positions, clinch a deal in Shanghai all contracts 715768 hand today, holdings reduce 29190 to 608418 hands. Main contract deal 485598 hands, holdings to reduce 19506 to 262294 hands. Poor U. S. data renewed jitters to global economic growth, market sentiment, the overall trading co. , LTD.
3, the spot market spot on July 6, according to statistics, 37360-1 # copper 37380 yuan/ton, compared with the previous deal fell 250 yuan/ton, 50 litres of water to litres of 70 yuan/ton; Shanghai spot 1 # electrolytic copper 37370 yuan/ton, down 220 yuan, smooth water copper clinch a deal the price down 37350 215 yuan, 37380 litres of copper price fell 220 yuan; Guangdong spot 1 # copper prices at 37420 yuan/ton, down 280 yuan/ton; Huatong spot 1 # copper prices at 37395 yuan/ton, down 250 yuan/ton; Today's spot copper prices fell slightly, the downstream businesses buy on dips, clinch a deal the market better than yesterday. Four, industry information
london-listed central Asian metal co. , LTD. ( 中亚金属Plc) Said on Monday that the cathode copper production increased by 27% in the first half of this year, to 6908 tons, is expected to produce 13000 - this year 14000 tons. The company said in a statement, sales increased 24% to 6355 tons in the first half of the year. Central Asia metal operating a factory in central kazakhstan Kounrad extracting copper from waste.