Copper shock to conceal the weak pattern truffe

Copper shock conceal the weak pattern of capital flows in thousands of thousands of hot columns on stock diagnosis the latest rating simulated trading client Sina fund exposure table: the letter Phi lag of false propaganda, long-term performance is lower than similar products, to buy the fund by the pit how to do? Click [I want to complain], Sina help you expose them! Nanhua futures Fang Senyu copper – currently the pile up in excess of requirement pattern has not changed, the downstream demand is expected to be not explosive copper prices rebound, the overall weak pattern has not changed, still continue to put space at the end of the year. The main currency index or copper stays the dollar as a global commodity, reflects the financial attributes of copper, is one of the important factors affecting the prices. Since the end of August, the U.S. non farm payrolls data, the European central bank interest rate decision, major economies such as the PMI data, important events and macro data followed, the dollar index also staged a "roller coaster" market. Federal Reserve Chairman Yellen hawks at the annual meeting of global central bank comments pushed sharply higher US payrolls; and although less than expected, but in the interest rate expectations under the United States that do not fall; PMI data in August the United States manufacturing and non manufacturing have become weaker interrupt important push interest rates are expected to fall sharply, the United States refers to Europe; the central bank governor Delagi said the United States that neutral and restrain the momentum of decline. But the volatility of the foreign exchange market and no transfer to the base metal market, copper price is only a narrow range of fluctuation. While the dollar index is still an important variable in copper prices, but this influence is gradually subsided. Along with the continuous reduction of financial property of copper, copper prices return to the fundamentals of the trend is more obvious. After the downstream demand growth is limited stock rebound comeback a brief rally in the experience of the first half of the downstream demand, the second half of the "golden nine silver ten" downstream demand has yet to open. Domestic real estate market is facing overheating concerns, many real estate prices have risen sharply in the region to tighten the property market policy, to some extent, reduce the demand for commodities. At the same time, in the power cable industry, although the amount of investment in the grid to continue to maintain an increase of about 30%, but the wire and cable companies operating rate is not high, perhaps the first half of the annual demand has been overdrawn. Overall, we expect the demand for copper in the second half of the growth is limited, the probability of maintaining a relatively low growth rate over the same period last year. Correspondingly, the global copper inventories to maintain overall growth, comprehensive financing of copper and exchange explicit inventory point of view, in August the total inventory reached 1 million 100 thousand tons, compared with this year in January rose more than 10%. In particular, the bonded area financing copper stocks, has risen more than 170 thousand tons, mainly due to the increase in Shanghai and Shanghai trade demand improved, but it does not really reflect the objective needs of the spot market. Stock exchanges dominant compared with the beginning of fall, but the Shanghai and London stock market has maintained a shift in the state. Output and imports both higher excess supply pattern unchanged in the case of no significant increase in the demand side, the supply side excess pattern has not changed. Copper concentrate in the first half of the supply is still maintained growth相关的主题文章: