The world's biggest copper mine faces worker strike, this may prove cupreous nominal go astray. Official data shows, money market of clean to developing fund copper bear achieves the United States since 2016 top level.
The headroom head cash of orgnaization of Shanghai futures exchange increased half above. The market looks empty atmosphere increasingly dense. However, need and need develop and the Escondida copper mine that its are located in Chile are versed in people compensation negotiation fails, the harmonious job of governmental guiding is about to end, workers may begin the earliest to go on strike at Zhou Er.
Suffer Sino-US the influence of trade war aggravate between, comex copper price drops this year near 17% . France promotes Robin Bhar of trade bank analyst to say, market view is stared at was in to global economy be anxious to go up, ignored a likelihood to bring about the positive factor that rise in price, include the potential strike episode of Chile.
Pengbo wisdom library is senior analyst Andrew Cosgrove thinks, the price of the market probably unreasonable, began in the strike last year before, the market is clean bull condition.
Copper is regarded as normally economic barometer, price of the copper between 9 cycle had 8 in the past Zhou Zou drops. Zhou Wu, comex the cupreous futures of complete a business transaction will drop in September 0.8% , the newspaper receives 2.7425 dollars / pound.
Trade according to futures of American heavy goods the data of committee shows, up to fund copper futures and cash of head of period authority headroom were achieved on August 7 29, 886 hands, bear money market approachs the top level since 2006. If the government mediates failure, escondida collier person goes on strike, so the situation will transform quickly, cause China and American fund and certificate business to undertake nominal is answered fill.
An element that the investor that pays close attention to Sino-US trade war needs to consider is: China decides useless to the United States copper imposes the custom duty of 25% , net of Shanghai nonferrous metal thinks, this will make fine copper photograph has appeal more than reclaiming copper, exciting China imports more fine copper. The United States was supplied to China last year 535, 000 tons abandon copper, 15% what occupy China to abandon copper to import gross about.
