spot TC continued to rise long single sign in line with expectations

发布时间：2013-12-14 点击次数：8次 来源：原创

SMMNovember 22nd: theeconomic data releasedthis weekAmericangenerallyoptimistic,inflationpressureAmericastill small,maintainloose monetary policyto providebasis forthe Fed morereason.At the same time,fed vice chairmanYellen won thetrustchairman of the nominationin the Senatetoabsoluteadvantage gained by,stimulate thebasic metalsprices rebound.Copperinlowered the minimum6910 U. S. dollars / tonafter the reboundto 7000 dollars / tonabove,guidethe trend of lateisthe macro side.Foreignmining enterprisesto domesticpriceincreasehigh grade copperconcentrate,but higherdomestic smeltingfactoryinventory,to buy the goodswill is notstrong.

Weeks,imports of copper concentratespot TCpricescontinued to rise,the market turnoverin the 110U.S. dollars / tonnear.Afteraperiod ofdomesticimportcopper concentratesmelting plant,inventories remain high,the entire fourthquarter will be aconstant consumptionbased inventorystate,the purchase amountis basically along single,the demand forcopper concentratespotweakening.

On2014copper concentratelong singlesigned,Jiangxi copperandUSAfree port MikeMoLuncopper goldcompanyreached an agreement,signed theTC/RC levels in 92dollars / tonand9.2 cents / pound,a2013 oldsingleprocessing feesrose 31.43%.Thissuggests that 2014copper concentratesupply surplus andcurrentChinesesmeltingcapacitysaturation,the signing oflong singlelevel willbecome othersmelters andmines overseas,and tradeenterprises signedlong singlepole,and the expected2014oldersingleTC signed a$90-95 / tonequivalentinterval.

The domestic market,copper concentratesupplyreduction,is a domesticminesbecause of environmentalfactorsto stopproduction;on the other handisimports of copper concentratespot TCis more appropriate,signs ofsmelterusingimports of copper concentrateratioincreased,thedomestic copper concentratepurchaseenthusiasm to reduce.At present,copper concentrateascoefficient of 20%to 85%,copper concentrateascoefficient of 25%to 87.5%.Miners said,ifcopper pricesremained at 50000yuan/tons,copper concentratewill be loweredpricecoefficient.

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