China's copper imports continue to increase on the 14th, the current copper may rise
The U.S. dollar index fell to a low level in the past three weeks. The LME copper fluctuated overnight and closed up 23 US dollars. China's copper imports in the first three months continued to increase year-on-year. The current copper concentrate processing fees are still declining, and the current copper materials are rising today.
Inflation in the United States rose sharply in March, the US dollar index fell to a low in the past three weeks, and the LME copper fluctuated up overnight. The latest closing price was US$8,895/ton, an increase of US$23, an increase of 0.26%. The trading volume of 10,150 contracts decreased by 1014, and the open interest increased by 309,345. 3841 hands. After the Shanghai copper opened higher in the evening , the gains narrowed. The latest closing price of the main month 2105 contract was 66,180 yuan/ton, an increase of 210 yuan, or 0.32%.
The latest London Metal Exchange (LME) copper inventory on April 13 reported 168,500 tons, an increase of 2,875 metric tons or 1.74% from the previous trading day.
According to data from the General Administration of Customs, China's imports of unwrought copper and copper materials from January to March increased by 11.7% year-on-year to 1.436 million tons. Among them, imports in March were also higher than the same period last year, and economic activities gradually increased to increase demand; current copper concentrates Processing fees are still declining, and the market is still looking forward to peak season consumption. Spot copper prices are expected to rise today .
