Fundamental analysis:

　　January 3 (Tuesday) announced the news: China's December new manufacturing PMI 51.9, the highest in January 2013 to the highest expected 50.9, the former value of 50.9. US Institute for Supply Management (ISM) released data show that the US ISM manufacturing index in December 54.7, expected 53.7 and 11 months before the value of 53.2, the data show that the US manufacturing industry continues to expand. Oil intraday record a year and a half high, but after the final dollar fell due to strong. Affected by this combination of factors, LME copper price within a narrow range, late to close at 5481.5 US dollars / ton, down 0.63% over the previous trading day. Shanghai copper main contract 1702 late to close at 45,890 yuan / ton, compared with the previous trading day up 0.68%.

　　Spot surface:

　　LME copper stocks decreased by 10,400 tons to 311,825 tons over the previous day, LME copper canceled warehouse receipts accounted for 36.82%. Domestically, by the futures price factors, the Yangtze River spot price of copper copper water premium 120 yuan / ton, premium copper premium of 60 yuan / ton.

　　8mm copper rod:

　　Far East material trading center spot 8mm copper rod shrinkage to lighten up the previous day, the day the price within a narrow range, late to close at 45,700 yuan / ton, compared with the previous trading day was up 0.31%, showing a strong upstream shipments , More active transactions.

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