Copper price in first half year
According to tha statistics, the copper price in recent three months in May shut down to $9000 sharply, the lowest is about $8650. Recently, copper price has rebounded a little bit, meanwhile, shanghai copper,LME, COMEX, these three large stock exchange’d stock also decrease obviously. The reason is very simple that at the end of may, traditional comsuming peak period has declaimed to end. According to normal logic, copper price won’t rise in the dead season.
Statistis also shows that After entering consuming peak period, shanghai future exchange copper stock price is decreasing. On May 31th, copper stock is 23999 tons, compared with March 1th 78556 tons, which has decreased 54557 tons. In addition, since May,LME, COMEX confirmes that their copper stock also sharply decrease. In March, many specialist declared that shanghai Bonded area stock 1 million tons copper.
Customs statistics shows that in April china refined copper importiing amount decreased 48% compare with the period in last year, which was 160236 tons , January to April, china importing refined copper was 756199 tons, decreased 29% compared with last year.
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