Monthly Copper Market Report Dec 2018
2019-01-14 17:44:54 【Print】
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Chinese copper prices fell below the levels of RMB49,000/t (USD7,258/t) and RMB48,000/t (USD7,119/t) in succession in December 2018 and dropped to as low as RMB47,800/t (USD7,089/t) late this month but soon rebounded to the level above RMB48,000/t (USD7,119/t). International copper price also went down with a slight decline in LME copper inventory. In addition, the US dollar index edged down and the Yuan-to-Dollar exchange rate kept stable. Chinese copper inventoty declined but that in in free trade zone increased.
