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Excess copper review: the copper market size narrow copper at higher vibration

by:Deyuan      2020-12-23
Abstract: the fed's statement in line with market expectations, the dollar index fell, copper rose 2. Excess 53%, the global copper market scale narrowed and to market demand growth this year, the copper market sentiment, is this copper rose now. ( )

today's copper price analysis and forecast:
in the international market today early morning, the fed meeting in June to maintain the federal funds rate of 0. 25% ~ 0. 5%, as expected, after the announcement, the dollar index dropped to expand, basic metal vibration, copper jumped $114 to $4645, or 2. 53%, its biggest one-day gain since the end of 8 weeks.

the London metal exchange, according to data released on June 15, copper inventories to reduce 1125 metric tons to 202150 tons. Cancel the LME copper warehouse inventory ratio is 18. 15%.

in the domestic market in Shanghai today all high, the current month 1607 contracts opened 35990 yuan, up 730 yuan, 'Shanghai copper 1607 contract price 35730 yuan rise 470 yuan; World metal statistics monthly report showed on Wednesday, January to April this year, the global copper market oversupply 2. The excess supply of 60000 tons, 2015 40. 40000 tons. 1-2016 In April, the global demand for 778. 40000 tons, in the same period last year for 723. 40000 tons. The global copper market surplus narrowed size and signs or pushed to the market demand is growth this year the copper market sentiment, today Shanghai copper or strong, spot copper rose.

hot financial information
1. Beijing time on Thursday, the federal reserve to keep interest rates unchanged, in line with expectations. Although median official rate forecasts show interest rates twice this year, but there is more than 3 month officials years is expected to raise interest rates again. The fed cut increases expected in the next couple of years. “ The federal reserve agency & throughout; In July, according to the federal reserve did not rule out raising interest rates, but the statement and display data need to be fast to improve, the market has enough toughness and in July they will act.

2. EIA of crude oil inventory fourth straight down in the United States last week, gasoline inventories and largest decline nearly eight weeks, U. S. oil production also brief growth recovery after falling last week, refresh low for years. But refined oil and in Cushing stocks are increased. Once the data, the oil from down to more than 0. Oil fell 3%, cloth narrowed to 0. 1%, the current oil prices, which fell sharply, fluctuated.
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