Comments

【Cu Daily】Economic data come out, but fail to dispel doubts for copper price rise

Date 9/14/2018 4:36:06 PM Source: SHMET

Spot Market

Spot market resources continue the stable and tight pattern with ordinary transactions. SX-EW copper resources are still few. Wide discount SX-EW resources may be delivered. Spot price tends to be at the same level with futures price as the delivery date is nearing.

  

Comments from SHMET

 

Macro data come out intensively today, among which, power generation and real estate investment data are highlights with significant growth, indicating that cyclical industries support economy. However, other fixed asset investment movements shrink as FAI data declines. Slow-down economic activity is also a “sword” hanging over copper price. It takes time to resolve.


Edited by SHMET