The recovery of copper mine output growth on the 14th, copper may rise or fall not much
The U.S. dollar index rebounded and rebounded. The LME copper fluctuated overnight and closed down 28 U.S. dollars. The global copper mine production resumed growth but short-term relative shortage. The current off-season characteristics are obvious. Today, the current copper prices have not risen or fallen much.
[Copper Futures Market] The U.S. dollar index rebounded and oil prices fell from an 11-month high. The LME copper fluctuated down overnight. The latest closing price was $7,971/ton, down $28, or 0.34%. The volume of 11,765 lots decreased by 3,421, and positions were held. The amount of 307203 hands decreased by 2633 hands. In the evening, Shanghai copper oscillated. The latest closing price of the main month 2103 contract was 58840 yuan/ton, which was the same as the settlement price of the previous trading day.
On the London Metal Exchange (LME), the latest LME copper inventory on January 13 reported 102,550 tons, a decrease of 1,200 metric tons or 1.16% from the previous trading day.
Global copper mine production will resume growth in 2021, but large new capacity projects will be put into operation in the second half of the year. The overseas epidemic is still serious, and short-term mine supply is still relatively short; the current domestic market has obvious off-season characteristics, and inventory has entered the stage of accumulation. , But the total amount is still low, and today's spot copper prices are expected to rise or fall little.
