Metal futures markets: copper futures rise, but market supply is expected to increase|copper pipe prices

 

 

* Tin fell, Germany end Tin price decline is expected to be in commercial banks
* United States economic growth in the second quarter to 2.5 years the fastest
Reuters, September 26-copper futures rose Friday due to short-term supply constraints, but still hit a near three-month low points in the near term, as investors worried that supply is expected to increase, and weak demand in the key consumer China.
Spot copper than copper for three-month premium to $ 50.25 per ton, not far from the recent high of $ 53, short-term supply shortage. $ 53 is the widest level since June.
International Copper Study Group (ICSG) said this week that the first half of the year, 526,000 tons of copper supply shortage, oversupply of 139,000 tons in the same period last year.
But investors expect copper supply will increase in the future, the July survey by Reuters estimates shows that the copper market this year with 226,000 tons of excess supply.
The London Metal Exchange (LME), three-month copper rose 0.34%, at $ 6,718 on Thursday fell to a three-month intraday low of 6,676. $ 75. This cycle of copper down 1.8%, fell for the fifth week.
Concerns over Chinese demand limited the rise of copper prices. About 45% copper demand by China.
China's weak start to the year, first-quarter economic growth fell to lowest in six seasons at 7.4%, after the Chinese authorities resorted to a series of stimulus measures, small economic growth in the second quarter increased to 7.5%, but in July and August's weak data boost are fading fast.
The dollar rose against the yen and other major currencies Friday, the dollar will rise to 11 weeks in 1971, the longest rally since the dollar float.
United States released data show that the fastest economic growth of 2.5 years in the second quarter, and another survey showed United States consumer confidence remained at a 14-month high. The data gave the dollar a further boost.
In other metals, three-month aluminium slipped 0.1%, at $ 1,948, rebounded from a two-month low of 1,945 dollars.
Three-month Tin ended without a deal, buying the last reported $ 20,500 or 1.2%, touched on the plate over a 13-month low of us $ 20,415.
Germany commercial bank said in a research note that "weaker Tin prices significantly in the near future, we believe this is mainly due to speculation, as fundamentals, better than current sentiment, we expect the Tin price will rebound. ”
LME three-month nickel slipped 1.99% to close at US $ 16,980 per ton. Three-month zinc closed unchanged, at $ 2,266 per ton. Three-month lead decreased slightly by 0.05%, to close at $ 2,072 a tonne

* Tin fell, Germany end Tin price decline is expected to be in commercial banks

 

* United States economic growth in the second quarter to 2.5 years the fastest

 

Reuters, September 26-copper futures rose Friday due to short-term supply constraints, but still hit a near three-month low points in the near term, as investors worried that supply is expected to increase, and weak demand in the key consumer China.

 

Spot copper than copper for three-month premium to $ 50.25 per ton, not far from the recent high of $ 53, short-term supply shortage. $ 53 is the widest level since June.

 

International Copper Study Group (ICSG) said this week that the first half of the year, 526,000 tons of copper supply shortage, oversupply of 139,000 tons in the same period last year.

 

But investors expect copper supply will increase in the future, the July survey by Reuters estimates shows that the copper market this year with 226,000 tons of excess supply.

 

The London Metal Exchange (LME), three-month copper rose 0.34%, at $ 6,718 on Thursday fell to a three-month intraday low of 6,676. $ 75. This cycle of copper down 1.8%, fell for the fifth week.

 

Concerns over Chinese demand limited the rise of copper prices. About 45% copper demand by China.

 

China's weak start to the year, first-quarter economic growth fell to lowest in six seasons at 7.4%, after the Chinese authorities resorted to a series of stimulus measures, small economic growth in the second quarter increased to 7.5%, but in July and August's weak data boost are fading fast.

 

The dollar rose against the yen and other major currencies Friday, the dollar will rise to 11 weeks in 1971, the longest rally since the dollar float.

 

United States released data show that the fastest economic growth of 2.5 years in the second quarter, and another survey showed United States consumer confidence remained at a 14-month high. The data gave the dollar a further boost.

 

In other metals, three-month aluminium slipped 0.1%, at $ 1,948, rebounded from a two-month low of 1,945 dollars.

 

Three-month Tin ended without a deal, buying the last reported $ 20,500 or 1.2%, touched on the plate over a 13-month low of us $ 20,415.

 

Germany commercial bank said in a research note that "weaker Tin prices significantly in the near future, we believe this is mainly due to speculation, as fundamentals, better than current sentiment, we expect the Tin price will rebound. ”

 

LME three-month nickel slipped 1.99% to close at US $ 16,980 per ton. Three-month zinc closed unchanged, at $ 2,266 per ton. Three-month lead decreased slightly by 0.05%, to close at $ 2,072 a tonne

 

 

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