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The Chile earthquake disturbance, copper is "pulse" market

Information Source:Henan Huadong Cable Co., Ltd  Release date:2014-04-08

In April 2nd, due to copper, Chile earthquake appear pulse type market, Shanghai copper futures 1406 night disc around the 46700 first-line consolidation, while daytime copper by Chile earthquake stimulation and opened sharply higher, and reach 47310 yuan / ton rapid decline, the market active, and because of the Chile earthquake substantive effect on local copper mine no, copper prices back to 44800 first-line narrow operation, closed at 46790 yuan / ton. The Shanghai copper total married increased from 238000 to 732000 hand in hand, gross positions increase 31000 to 781000 hand in hand. In addition, the Shanghai copper futures contracts between further the spread, near strong far weak pattern is more obvious.

The spot, Tuesday Shanghai electrolytic copper spot price in the premium 140- premium 200 yuan / ton, 4 early enterprise capital improvement, shippers to too high a premium price, middlemen buy now throw period, lack of recognition of the high water downstream, multi on-demand delivery, supply and demand seesaw state continued, the short term is difficult to improve.

Europe and the United States this week data relatively warm, partial loose atmosphere once again haunt, the last major drama American non-agricultural data more affect market sentiment, China base policy is expected to remain, Shanghai copper near strong far weak pattern is increasingly obvious, suggested that the investor's wait-and-see, avoid short-term correction.

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