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Review: British retreated before the referendum caution warming over copper under pressure

by:Deyuan      2020-12-23
Copper market analysis, the international market a

in the UK retreat before the referendum, market emotional renewed concern about the outlook for the global economy, a weak dollar today, leave high to go high copper, afternoon high rushed back, by the Beijing time 16:00, London metals ( LME) Copper latest offer $4547 up to $31. The federal reserve, the bank of England and the Swiss national bank and the bank of Japan will be a meeting this week, cautious market sentiment, is expected to short-term copper upside is limited.


2, domestic futures investors to return to the market of today in Shanghai opened lower after the shock, near the close. Current month 1606 contracts opened 35030 high low settlement 35460 35030 35630, or 35470 yuan/ton, flat; All positions, today in Shanghai all contract deal 474634 hands, holdings reduce 49056 to 732910 hands. Main contract deal 272286 hands, holdings to reduce 34186 to 322280 hands.


3, the spot market spot on June 13, according to statistics, 35550-1 # copper 35570 yuan/ton, compared with the previous deal fell 110 yuan/ton, premium 160 - litre 180 yuan/ton; Shanghai spot 1 # electrolytic copper 35550 yuan/ton, down 70 yuan, smooth water copper clinch a deal the price down 35540, 70, 35560 litres of copper price fall 70; Guangdong spot 35370-1 # copper prices 35571 yuan/ton, down 130 yuan/ton. Huatong spot 1 # copper prices at 35585 yuan/ton, down 110 yuan/ton; Today's spot prices fell slightly, traders actively shipments, the first day of the holiday market circulation supply abundant, but the downstream business purchasing power is limited, the market clinch a deal. Four, industry information


the Chilean mining (plath PLUSMINING) Executive director JuanCarlosGuajardo said recently, most of the global mining companies will experience accumulation of repayment pressure in the coming years, 2018 will be under a lot of debt maturity, if the copper market failed to recover as soon as possible, there will be pay a lot of pressure. Mining companies is serious now, part of the company's debt at affordable, but also has a lot of enterprises have to reduce the scale of production and operating costs to cope with these problems. Mining companies, he said, in the past 10 years has experienced cost three times the growth. He also expressed his optimism on copper market, large-scale mining companies prefer copper, be included in the long-term investment portfolio.
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