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    Home > Chemicals Industry > New Chemical Materials > January 5 copper market morning review

    January 5 copper market morning review

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    Copper market morning comment: The main Shanghai copper futures contract fell 0.
    57% to 69,810 yuan per ton on Monday, and the spot market gradually returned to optimism, with a premium of about 150 yuan per ton.

    Macro and market sentiment have not changed much, and the market is still in a festive atmosphere
    .

    Copper City

    Fundamentally, MMG welcomes the removal of roadblocks following a meeting held in Chumbivilcas Province on December 30, 2021 in Chumbivilcas Province, which was attended by company representatives, national, regional and local government officials, elected and community representatives regarding the disruption of public road transportation 200 kilometers from the Las Bambas mine in Chumbivilcas Province, Peru, according to the Minmetals Resources announcement
    .
    Following the meeting, an agreement was reached to continue government-led dialogue
    with the community.
    Since 31 December 2021, Las Bambas has gradually resumed mining, production and concentrate transportation to normal operations
    .
    The mine has been fully operational since December 31, 2021, and the mine is expected to reach full operation
    on January 3, 2022 (Peruvian time).

    The overall logic is that macro, sentiment and fundamentals may remain stable in the short term, copper prices and the dollar index will be more closely linked, and its volatility will continue to narrow
    .

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