Production of refined copper to maintain a high growth rate weak dollar boosted copper prices is lim yuanmu

Production of refined copper to maintain a high growth rate weak dollar boosted copper prices is lim yuanmu

Production of refined copper to maintain a high growth rate weak dollar boosted copper prices limited range of sina fund exposure table: the letter Phi lag of false propaganda, long-term performance is lower than similar products, to buy the fund by the pit how to do? Click [I want to complain], Sina help you expose them! Huitong network September 7th hearing – Wednesday (September 7th), the 1611 copper futures contract closed at 36750 yuan per ton, or 0.63%. European time, LME three month copper traded at $4665.50 ton, the highest intraday touched $4683 tons, recorded a new high since August 24th, K-line form resembles the bottom red three soldiers. LME March copper time-sharing plans 1611 copper contract time chart released overnight U.S. August ISM non manufacturing index hit 6 year low, the Fed rate hike in September probability significantly bearish dollar against major non US currencies collapse, stimulate commodity demand strong, thus pushing up the price of goods. However, analysts expect the dollar to enhance demand for copper effect will not last long, the situation in a short time is difficult to pile up in excess of requirement. Goldman said in a report: "we reiterate that for the second half of 2016 is expected to increase by slowing demand and supply, prices were expected to decline." A broker said, later today before the option expires position adjustment to accelerate the short covering triggered a rebound in copper prices, and that price at $4600-4700 / ton critical implementation options. China’s power grid investment growth slowed since April, fixed asset investment growth also showed a slowdown trend. Global copper concentrate supply is still a loose pattern, processing fees rose slightly, the domestic production of refined copper smelter by processing to maintain high speed, manual will be transferred to the LME part of the production inventory, resulting in LME stocks surge to 300 thousand tons, while domestic stocks decline. Is expected in September the domestic spot market premium will remain strong, foreign stocks are likely to turn to domestic, the ratio of Shanghai and London callback. My colored network data show that 25 copper rod enterprises in August overall operating rate fell slightly to 57.33%. Supply side, my colored network data show that in August 2016 China’s refined copper production 683 thousand tons, an increase of 2.7%, an increase of 1% in 2016 1-8 months of refined copper output totaled 5 million 208 thousand tons, an increase of 1.83% last year. August domestic enterprises have a radius of repair, silver, gold in the Central Plains, rich smelter, the impact of output of about 1.4-1.6 million tons. Overall, the price of copper continued sideways within a narrow range, the downstream demand procurement season stocking Co., imported copper market Shanghai unparalleled value slightly weaker, buying demand stalemate. Although the weakness of the dollar, but the price boost is limited, operating over a single continue to hold, stop 4700 dollars. Beijing time 15:29, March LME reported $4661 tons of copper. Enter the Sina financial stocks] discussion相关的主题文章: