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Copper market dynamics on March 30: 1.
According to customs statistics, Fangcheng Port imported a total of 174,000 tons of copper ore, an increase of 20.
1% over the same period last year; The value of goods amounted to MOP1.
2 billion, down by 21.
3%.
The main import sources are Chile and Peru, which imported 73,000 tons and 30,000 tons respectively, which together accounted for 59.
4%
of the total copper ore imports at Fangcheng Port in the same period.
2.
According to the news, technical analysts said that the London copper retest support is $4,890 per tonne because it has not completed the correction from the
March 18 high of $5,131 per tonne.
The depth of the correction suggests that the uptrend that began at the January 15 low of $4,318 per tonne is complete
.
Copper prices could fall to $4,430 a tonne in the coming weeks, a Feb.
10 low
.
