It is at the beginning of this month when, cupreous price is expression very strong, its period price if pull,go up, among them perch of human relations copper comes 7348 dollars / ton, achieve nearly 4 years new tall. But, good times don't last long, after reaching peak peak " cupreous doctor " rapid fall after a rise, its early days of period price regression runs platform 6800 dollars / ton around, cupreous price is experienced " switchback " after prices, does city go after situation will how?
Enter June, on one hand the whole world is the greatest labor of open of Escondida of Chile of copper mine hill negotiates, cause the market to be anxious to what supply, because negotiated last year after burst, the strike that this mine launched by a definite date 44 days; On the other hand, at the beginning of June, group of superintend of central environmental protection " look round " into be stationed in each district, among them Jiangxi province abandons copper to produce production of blister copper company to be affected partly, blister copper machines cost somewhat fall after a rise, the anxious sentiment of the market was aroused on certain also level. In addition, the callback of dollar index also is formed to cupreous price carry certainly brace up. Accordingly, element of above of have the aid of, a large number of capital are swarmed into drive cupreous price quickness to pull go up.
But what anticipate as strike of Escondida copper mine is abate and of dollar index rebound, the action on cupreous price can be insufficient, begin progressively fall after a rise. Last weekend, sino-US trade war escalates, american the White House announces to will be opposite commodity of China of 50 billion dollar is added impose the custom duty of 25% , add ask for custom duty detailed list to include " China is made 2025 " the product in the plan. Basic metal all fronts is caused to dive after the message is announced, cupreous price falls defeat to run platform to early days considerably, shanghai period copper drops to 51500 yuan / ton around, human relations copper drops to 6800 dollars / ton around. Nearly two days, cupreous price stops drop look forward to is firm, market panic mood drops somewhat.
At present main area does not have copper to contradict apparently, because smeltery equipment malfunction and environmental protection are overhauled, SMM predicts cathode copper crop was seven hundred and twenty-eight thousand nine hundred tons in June, annulus comparing drops 2.46% . Consume a respect, entered country in June consumption is off-season, SMM predicts average start working led cupreous lumber industry in June for 80.09% , annulus comparing drops 1.95 percent. Below the circumstance that in copper main area poises, cupreous price goes force is main get the influence of macroscopical respect. SMM thinks, if trade war does not have further progress, short-term inside cupreous price dimension firm at running interval currently.
