Forget the reduction in the first 8 months of China’s copper production hit a record high over the s aquaria

Forget it China cut 8 months before the copper production in the historical record for the period of capital flows thousands of thousands of hot column stocks the latest Rating Rating diagnosis 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! With the domestic smelters while attractive profits as the expansion of production capacity, China copper output has soared over the past 8 months, the yield and the historical record for the period record. General Administration of Customs on Monday (19 May) released data show that in August the country’s refined copper production was 743 thousand tons, at the level of at least a new high of at least 6 months, rose by 2.9%, up by 12%. The first 8 months of total output of 5 million 500 thousand tons, a record high over the same period, an increase of 8.7%. China is the world’s largest producer of refined copper. Chinese smelters to increase production, mainly because of increased profits, production capacity expansion. According to Bloomberg information, copper smelting cost China plant collected in July and August held steady at $105. This is at least the highest level since the beginning of last year, higher than last year in Antofagasta and Chile JCC agreement of $97.35 a tonne in 2016 copper smelting refining processing fee fee (TC RC). However, at the end of last year, China 10 copper producers including Jiangxi copper, Tongling nonferrous, has vowed to cut 350 thousand tons in 2016, accounted for China copper production last year 8.75%. And this is the minimum production scale, if copper prices fell further, or the spot of imports of refined refining costs (TC RC) is lower than the cost of smelting business, is likely to expand the scale of production. As of Monday’s close, copper rose 1.6% to 37230 yuan per ton. Aaron copper fell 0.48% to $4765 per ton. Last week, Lun copper rose over 3%, the biggest weekly gain for the month of two. And in the early hours, China also released a good performance of real estate data. This usually means good copper, which is widely used in the construction field of metal prices. In addition, the CFTC data on Friday also showed that hedge funds and other speculators cut their COMEX copper net short positions last week. In this regard, SP Angel analyst Sergey Raevskiy said: "copper before go very well, so some adjustments can hardly be avoided. Influence factors of copper prices this year and next year because of its strong supply growth." Reuters quoted UBS wealth management analyst in Hongkong Dominic Schnider said, "we are advised to stay away from the copper, we still expect prices to fall to $4400 by the end of the year." Enter the Sina financial stocks] discussion相关的主题文章: