The output of copper prices continue to bottom pile up in excess of requirement.

文章出处：和宏精工人气：1发表时间：2019-09-28

Domestic refined copper, copper concentrate supply remains adequate, with the rising premium of Yangshan Free Trade Area, trade imports of refined copper demand will be restored, the second half of refined copper smelting enterprises to meet the annual production plan should like to ensure normal production, but the demand for home appliances and power demand is still not significantly improved, the domestic is still pile up in excess of requirement the main contradiction. Foreign copper supply risk is still in the accumulation phase, is not enough to support prices. Substantive implementation of the new policy announced late and the policy will be the main factor to determine the late copper price.
from a technical point of view, the current copper is in a downward channel, fell faster in the early rising. And the recent copper prices hit a nearly six year low, technology under the difficult to find effective support. The current lack of demand leading copper prices, the term structure of display in 37000 yuan may constitute a certain psychological support. Suggest investors to short as the main operational direction, the impact of domestic economic policy on the market outlook.

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