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    Home > Chemicals Industry > New Chemical Materials > August 13 copper market morning review

    August 13 copper market morning review

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    Copper market morning comment: Copper prices fell back in overnight trading, returning to below
    the 70,000 integer mark.
    Today's LME metal market is mostly red, as of about 9:30 a.
    m.
    , London copper rose nearly 0.
    4%, domestically, non-ferrous metals mostly green, international copper fell nearly 0.
    5%, Shanghai copper fell nearly 0.
    6%.

    Copper City

    THE CASERONES AND ANDINA MINES IN CHILE ANNOUNCED STRIKES, BUT THERE WERE REPORTS THAT PRODUCTION AT THE CASERONES MINE WAS STILL CONTINUING AND THE IMPACT WAS LIKELY TO BE LIMITED, AND THE ESCONDID STRIKE SHOWED SIGNS OF
    ABATING.
    Concentrate processing fees are now back up to $50, indicating an improvement in mine supply, but sustainability remains to be watched
    .

    Domestic demand is relatively good, domestic inventories continue to decline and continue to rise in spot, and the inventory in the previous period has fallen below 100,000 tons; Shanghai port premiums have rebounded, and import demand is expected to rise; LME spot shows a discount
    .
    In the short term, the market is more concerned about the risk of strike in Chilean mines, and the amplitude may increase
    .
    It is recommended to pay attention to Chilean mine production, copper downstream starts, inventory and spot conditions
    .

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