Monthly Copper Market Report Jun 2019

As U.Asian Metal Copyright205 in June when Yuan-to-Dollar exchange rate went up.Asian Metal CopyrightS. Fed is likely to cut interest rate and the trade tension between China and the United States is expected to ease further, copper prices kept an uptrend on the whole in June, rising from RMB46,200/t (USD6,722/t) early this month to RMB47,020/t (USD6,841/t) late this month.Asian Metal CopyrightS.Asian Metal Copyright The downstream copper consumption remained strong in June when transaction basically kept stable at a high level in the market.Asian Metal Copyright79 to 96.Asian Metal Copyright SHFE copper inventory decreased in the month. In addition, LME copper prices rose from USD5,796/t in early June to USD5,972/t late this month, with an increase in LME copper inventory.Asian Metal Copyright The downstream copper consumption remained strong in June when transaction basically kept stable at a high level in the market.Asian Metal Copyright The U.Asian Metal Copyright SHFE copper inventory decreased in the month.Asian Metal CopyrightS.Asian Metal CopyrightS.Asian Metal Copyright dollar index dropped from 97.Asian Metal Copyright dollar index dropped from 97.Asian Metal Copyright79 to 96.Asian Metal Copyright79 to 96.Asian Metal Copyright205 in June when Yuan-to-Dollar exchange rate went up.
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