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Global inventory performance is divided, copper prices wait for demand guidance

Global inventory performance is divided, copper prices wait for demand guidance

  • Categories:Industry news
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  • Time of issue:2020-11-20 14:35
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Global inventory performance is divided, copper prices wait for demand guidance

(Summary description)
Since mid-March, under the background of the second restoration of the demand side, the dominant global copper inventory has continued to decrease, providing a strong bottom support for the continuous rise of copper prices. As of August 25, the world's three major futures exchanges (LME SHFE COMEX) totaled 239,208 tons of copper stocks, which is more than 50% of the total price of 507,144 tons in mid-March. Since entering July...

  • Categories:Industry news
  • Author:
  • Origin:
  • Time of issue:2020-11-20 14:35
  • Views:
Information
Since mid-March, under the background of the second restoration of the demand side, the dominant global copper inventory has continued to decrease, providing a strong bottom support for the continuous rise of copper prices. As of August 25, the world's three major futures exchanges (LME SHFE COMEX) totaled 239,208 tons of copper stocks, which is more than 50% of the total price of 507,144 tons in mid-March. Since entering July...
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