Monthly Copper Market Report Oct 2019

Chinese copper prices went all the way down to around RMB46,700/t (USD6,654/t) in early-to-medium October due to China's weaker-than-expected import and export data as well as the relatively weak end consumer consumption in the domestic market. Soon afterwards, as Brexit remained a "very real" possibility and workers at Chilean copper mine went on strikes, copper prices went up with fluctuations to around RMB47,400/t (USD6,754/t) and edged down to around RMB47,320/t (USD6,742/t) at the end of the month.Asian Metal CopyrightChinese copper prices went all the way down to around RMB46,700t USD6,654t in early-to-medium October due to China's weaker-than-expected import and export data as well as the relatively weak end consumer consumption in the domestic market.Asian Metal Copyright Domestic copper consumption remained relatively good in October compared with the previous month, but the consumption from end consumers was weaker than expected, with transactions stable at low levels.Asian Metal Copyright In October, the US dollar index moved down from 99.Asian Metal Copyright SHFE copper inventory increased from 118,108t in late September to around 149,911t in late October. LME copper prices kept moving up in October, rising from USD5,610/t early in the month to USD5,825/t at the end of the month; LME copper inventory slightly decreased.Asian Metal Copyright LME copper prices kept moving up in October, rising from USD5,610t early in the month to USD5,825t at the end of the month; LME copper inventory slightly decreased.Asian Metal Copyright In October, the US dollar index moved down from 99.Asian Metal Copyright SHFE copper inventory increased from 118,108t in late September to around 149,911t in late October.Asian Metal Copyright3952 in early October to 97.Asian Metal Copyright3952 in early October to 97.Asian Metal Copyright3289 at the end of the month, with Yuan-to-Dollar exchange rate rising further.
.Asian Metal Copyright Soon afterwards, as Brexit remained a "very real" possibility and workers at Chilean copper mine went on strikes, copper prices went up with fluctuations to around RMB47,400t USD6,754t and edged down to around RMB47,320t USD6,742t at the end of the monthAsian Metal Copyright