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Original title: Yangtze River Non-Ferrous Metals: Downstream Company Uptime Rate Is Improving, Copper Could Increase 13
Summary of the Yangtze River Copper Network: The US job market continued to recover. Mon Copper closed US $ 30 higher overnight. Recently, the operating rate of downstream enterprises has improved. Rates for processing copper concentrates continue to be low and limit smelting production. Today, copper materials are on the rise.
[Mercato dei futures del rame]The US labor market continues to recover and the unemployment rate has fallen for six consecutive months. However, the increase in cases has put pressure on the sustained recovery of the economy. The copper Lun trend overnight was strong. The latest closing price was US $ 6916 / ton, an increase of 30 yuan. 0.44%, trading volume increased 465 hands from 11,926 hands and open interest decreased 1,814 hands from 305,602 hands eveningShanghai CopperThe last closing price of the main contract in the month of 2012 was 5.1940 yuan / ton, an increase of 190 yuan, or 0.37%.
The London Metal Exchange (LME) latest copper inventory on November 12 reported 166,200 tons, a decrease of 1,625 tons or 0.97% from the previous trading day.
Yangtze Copper Network News: Production and sales of new Chinese energy vehicles increased significantly in October. Recently, the operating rate of downstream enterprises has improved. The operating rate of copper pipes has increased from month to month and the operating rate of refined copper poles has also been higher than expected. The rates for processing copper concentrates continue to be low, limiting the production of foundries. Today’s spot copper prices are expected to rise. Yangtze River Non-Ferrous Metals Network www.ccmn.cn Tel: 0592-5668838
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