2. Although the data shows that American consumer prices have reached the largest rate of increase in more than 39 years, many investors have been expecting higher readings. Menke said that he does not agree with using commodities as an insurance strategy to deal with rising prices, because the strong prices of copper and other raw materials are often the cause of inflation. He said that China, the largest metal consumer, is the main driving force of metal prices, and two of the three pillars of copper demand in China-real estate and infrastructure-are lagging behind.
3.LME zinc futures rose 0.2% to $3,365,438+07.50 per ton, although LME daily inventory data showed an increase of 65,438+04,025 tons to 65,438+064,425 tons, reversing a month-long downward trend. Aluminum futures fell 0.6% to $26 12 per ton, nickel futures fell 0.3% to 19820, tin futures fell 0.3% to $39,375, but lead futures rose 0.3% to $2,290.50.
1, London Metal Exchange is the largest non-ferrous metal exchange in the world. Founded in 1876, it is a wholly-owned subsidiary of HKEx [2]. The trading varieties are copper, aluminum, lead, zinc, nickel and aluminum alloy, and the exchange price and inventory have an important impact on the global production and sales of non-ferrous metals.
2. The price and inventory of London Metal Exchange have an important influence on the production and sales of non-ferrous metals in the world. /kloc-In the middle of 0/9th century, Britain was the largest producer of tin and copper in the world. With the passage of time, the industrial demand is increasing, and Britain urgently needs to import a large number of industrial raw materials from foreign mines. Since the beginning of this century, the London Metal Exchange has publicly announced its trading price, which has been widely used as the benchmark price of world metal trade. According to the official price published by the London Metal Exchange, 70% of the world's copper production is traded.
London Metal Exchange (lme), the world's largest metal exchange, will accept RMB as a guarantee for banks and brokers to trade on this platform, which is the latest step of RMB globalization. The London Metal Exchange traded $65,438+05 trillion in 2065,438+04. The promised currencies accepted by the Exchange include USD, EUR, GBP and JPY.
4. As one of the important indicators of international copper price, London copper price has attracted investors' attention, and my website always pays attention to and analyzes London copper price in time. London copper futures trading, also known as LME copper (LME for short), started at 1877. There are two kinds of copper traded: cathode copper: A-grade copper rod: the specification standard is A-grade copper with the weight between 1 10- 125 kg. Among them, the trading of cathode copper is the most active. All delivered copper must have Grade A copper approved by the London Stock Exchange, which conforms to the British BS 6017-1981standard classification specification.
5. The contract rules of Grade A electrolytic copper are: the contract quantity unit is 25 tons, the quotation is USD/ton, and the lowest price fluctuates at USD 0.5/ton. The delivery date is any trading day within three months. The trading time from three months to fifteen months is the third Wednesday of each month, 2: 00-12: 0512: 30-12: 35 (official quotation)15: 30-15: 00. Member brokerage companies can be self-employed, or they can be clients in trading agent. Different from other exchanges, the LME three-month futures contract is a continuous contract, so it is delivered every day. LME has set a lower limit for discounts in spot copper. The spot discount for March copper should not be less than $30. On the contrary, the spot premium can be unlimited. In addition, LME has no price limit.