December 5 (Monday) announced the news: November Fiscal China's new service industry PMI rose to 16-month high, integrated PMI unchanged last month hit a record high of 43 months, compared to the new financial 11 Month manufacturing PMI has declined trend, to 50.9, indicating that the manufacturing sector has slowed down the pace of expansion. Oil breakthrough 55 US dollars mark for the first time in July 2015; US oil rose 52 US dollars. Affected by this combination of factors, LME copper price shock upstream, closing at 5927.5 US dollars / ton. Shanghai copper main contract 1701 late to close at 47,170 yuan / ton, compared with the previous trading day up 1.44%.
LME copper stocks decreased by 1,000 tons from the previous day to 233,025 tons, LME copper warehouse receipts accounted for cancellation of 41.35. Domestically, by the futures price factors, the Yangtze River spot price of copper copper water premium 40 yuan / ton, premium copper premium 0 yuan / ton.
8mm copper rod:
Compared with the previous trading day up 2.1%, indicating a strong desire for the upstream shipments, the end of the trading day, the price of copper fell to $ 8,300, Turnover more active.
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