Poor copper review: the copper market demand prices
today's copper price analysis and forecast:
in the international market oil prices fell and a stronger dollar on basic metals prices, on Friday night international metal lower, with copper disadvantaged concussion, late fell $34, latest closing price to $4631, or 0. 73%; Volume 13216, position 331653 an increase of 842 hands.
the London metal exchange, according to data released on September 9 copper inventories increased 12375 metric tons to 350600 tons. Cancel the LME copper warehouse inventory than for 13. 68%.
in the domestic market in Shanghai today 1609 contracts opened 36550 yuan, the current month dropped 60 yuan, 'Shanghai copper contract offer $1609 to $36500, down 110 yuan. Germany on Friday July a surprise drop in exports, recorded their biggest drop in nearly a year, the market worried that the United States and European manufacturing slowed again, adverse to the global copper market demand prospect; Copper stocks before Thursday after back slightly again on Friday, high inventory on the spot price of copper, today Shanghai copper confined consolidation, low material spot copper with fell slightly.
hot financial information
1. German exports a surprise drop in July, recorded their biggest drop in nearly a year, also a small decline in imports, the lower than expected in July trade surplus. This further shows that the economic downturn in the third quarter, start in Germany.
2. Britain's trade deficit in July to 45. 0. 2 billion pounds more than expected, because of rising exports and imports fell. Aircraft exports partly offset the decline in food, beverages, machinery, fuel export growth.