Review: copper prices rebound driven stocks reversed benefit price
today's copper price analysis and forecast:
the international market, the world's largest copper producer Chile's state copper company, Codelco) Said on Monday, affected by the torrential rain over the weekend, its El Teniente underground copper mine operations still suspended, is expected to resume operation on Thursday. Interruption of the mine production, the company says a loss of approximately 1500 tonnes of copper output, is expected to a total of six days will suspend production. Expectations of short-term copper supply or reduce support of copper, copper today open slightly higher, the latest offer $4847 up $22.
the London metal exchange, according to data released on April 18th copper inventories to reduce 700 metric tons to 147275 tons. Cancel the LME copper warehouse inventory ratio is 18. 25%.
in the domestic market in Shanghai today leave high to go lower, 1605 contracts opened the current month of 36570 yuan, down 200 yuan, the territory of Shanghai copper 1605 contract offer 36960 rose 190 yuan; In march, according to data from the National Bureau of Statistics released by the China's average housing prices rose for a third straight month, compared to the Chinese housing market rebound or boost copper demand outlook, today in Shanghai is expected to leave high to go lower, physical copper is expected to rise.
hot financial information
1. Yesterday, the National Bureau of Statistics released in March 2016, 70 large and medium-sized cities housing sales price change. Data, according to a new commodity housing ( Including affordable housing) Compared with last month, 70 large and medium-sized cities, the city has a decrease in the prices of the eight, rising city. There are 62. Month-on-month price changes, the highest rise to 5. 4%. This is the first time after the January 2014, 62 cities house price rise across the board.
2. The fed 3 people, the New York fed President William Dudley Monday reiterated that the fed's monetary policy adjustment will be prudent gradual. The most positive economic news, the Labour market improved significantly. Have the confidence to inflation over the next few years will return to the 2% level. Earlier this month, Dudley said the fed should take prudent and gradual way of raising interest rates.