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Continuous on the red copper, anxiety deepens, more cautious - Liyuan copper market early assessment

Answers:1   |   LastAnswerAt:2011.06  

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Evan smith 
Asked at 2011.06.07 01:40:39
Continuous on the red copper, anxiety deepens, more cautious - Liyuan copper market early assessment
answer Andrew Brown  Answered at 2011.06.07 01:40:39
Continuous on the red copper, anxiety deepens, more cautious - Liyuan copper market as early as the U.S. Institute for Supply Management Assessment (Institute for Supply Management) 1 announced, in August U.S. manufacturing purchasing managers index (PMI) 55.5 in January from 7 rose to 56.3. Economists had expected the index to 52.5 in August. The data unexpectedly rebounded to show strong growth in employment. August 2010, China Federation of Logistics and Purchasing (CFLP) released China Manufacturing Purchasing Managers Index (PMI) was 51.7%, up 0.5 percentage points last month. August UK manufacturing purchasing managers index (PMI) by the downward revision in July fell to 54.3 after 56.9, the highest since 9 months minimum. PMI unexpectedly announced yesterday the United States better than expected, non-ferrous metal prices pushed up sharply and the stock market. However, environmental considerations throughout the economy, although the base metals copper fundamentals the best, but the current situation, rose to this point seems to have no basis from the previous high of just under 400 U.S. dollars / tons, the market did too high and more enthusiasm, of course, really raising royalties if Chile and Russia to raise tariffs, support from a cost perspective than the price of copper, but seems to lack a reason to rally. China 60 000 should be resistance, but look at the current technology to maintain a good shape, so the spot temporarily held in the United States concerned about the next 2 employment data. Copper & overnight rose 2.9%, boosted demand for U.S. manufacturing data, strong prospects for copper stocks continued to decline from the fundamentals to provide support for the copper, copper, a slight strengthening in the short term, temporary holding goodsi Yuen Statement: The above point of view, only for reference; accordingly operate your own risk. i Yuen statement: Liyuan exclusive edition for the information above, please indicate the source reproduced without consent reproduced without change, we reserve the right to pursue.
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