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Review: copper copper prices are expected to rise by a weaker dollar helped today

by:Deyuan      2020-12-23
Abstract: a weaker dollar on Monday for the copper, copper late leave high to go low late rose 0. June prices 25%, China's growth to domestic copper demand outlook worries revived, today's spot copper or rose slightly.

today's copper price analysis and forecast:
a.
in the international market a weaker dollar to help support prices, late copper leave high to go lower, late rose 0. Latest closing price 25%, reported 4936 dollars; The market news surface static light this week, the copper market factor supporting co. , LTD. , days of copper or continuation of shock consolidation trend.

the London metal exchange, according to data released on July 18, copper inventories to reduce 1850 metric tons to 229425 tons. Cancel the LME copper warehouse inventory than 35. 29%.

2. Domestic market
1608 contracts opened today Shanghai copper current month 37740 yuan, down 330 yuan, 'Shanghai copper 1608 contract offer 38320 rose 250 yuan; To curb the overheating of China's real estate market bubble, many cities tightened housing policy, the latest data released by the Chinese house price growth slowed for a second consecutive month, June market outlook worries revived demand for copper, copper or consolidation today Shanghai is given priority to, is expected to spot copper rose slightly.

hot financial information
1. China's housing prices continue to slow in June. Points city, first-tier cities from increase than last month, slightly expanded, second and third tier cities quarter-on-quarter growth continues to narrow. Second line hit hefei xiamen nanjing ahead 'in the city. At the same time, the first-tier cities residential land price year-on-year growth in the second quarter of 17. 35%.

2. More recently, the United States Banks results than expected, this is mainly related to its FICC earnings rise. Announced on Monday, bank of America, in the second quarter of adjusted earnings per share and revenue were higher than expected, FICC revenue grew by 22% year on year; Released last week, citigroup and jpmorgan chase results also show that the interest rate, foreign exchange, credit, and securitised products income increase, year-on-year surge in fixed income business.
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