(Unit: RMB/ton)
Product? grow
cite
diversification
cite
Colored line
45700
Bright copper color
44500
red copper
42600
Motor wire
40500
Anoxic rod
46000
H62 (cooked yellow)
29000
H65
20000
Magnetic brass 94
35000
H63 (phosphor copper)
37000
Large brass
30500
Small brass
28000
Copper-aluminum water tank (radiator)
27000
The above prices are for reference only and are subject to change at any time. )
June 65438+1October 65438+June 2009, Shanghai copper showed a downward trend. The cu 100 1 contract opened at 49,300 points, which rose rapidly at the beginning, hitting a maximum of 49,680 in intraday trading, and then gradually fell back. At the end of the session, the settlement price was lower than that of the previous trading day 130 and closed at 487 10. Yesterday, the domestic spot price of copper rose slightly. The price of 1# copper in the Yangtze River Nonferrous Metals Market rose by 475 yuan to 49,050-49,200 yuan/ton, and the price of 1# copper in Shanghai Nonferrous Metals Network rose by 225 yuan to 48,800-49,200 yuan/ton. In late trading, copper prices in Europe and America fluctuated widely. Lme three-month copper floor trading session fell due to the strength of the US dollar, and the final session fell by 1 15 USD compared with the previous trading session to 6 105 USD/ton. However, in the subsequent electronic trading, the lost ground was recovered under the impetus of the dollar retracement. Comex 65438+February refined copper futures contract price rose slightly by 0.60 cents to 286. 10 cents/pound.
Fundamental Analysis
On Thursday, lme copper stocks increased slightly by 65,438+000 tons to 353,325 tons. As of Wednesday, comex copper inventory increased by 275 short tons from the previous trading day to 567 17 short tons.
In the news, the US Department of Labor announced on Thursday that the cpi in September increased by 0.2% month-on-month, which was slower than the 0.4% in August. The market is expected to increase by 0. 1%. The core cpi excluding food and energy prices rose by 0.2% in September, and the rest were higher than 0. 1% in August. On the same day, the slowdown in cpi growth once supported the strength of the US dollar, but the gains failed to continue under the pressure of the traditional depreciation of the US dollar. In addition, the Philadelphia Federal Reserve said that the business climate index of its jurisdiction in June was 1 1.5, although it was lower than that in September? 14. 1, but the index remained positive for three consecutive months, indicating that the manufacturing industry continued to recover.
General comments
Recently, compared with the decline of US dollar and the rise of crude oil price, the performance of copper price is slightly weak, hovering in the middle of the previous shock range. However, in the market environment where the macro situation is improving and the dollar is weak, there is limited room for copper price correction, and we continue to treat it with more ideas.