Copper prices has recovered but how long will it last?

Cum Clave analysis N.19 preview.

China resumes manufacturing activity and international funds seem convinced of this operation. There has been a reduction in speculative short positions on both the CME and the LME, but each purchase remains fictitious. False recovery. The recent rebound in copper prices alone would have forced a significant amount of coverage. Lack of enthusiasm and long bottom positions have lost momentum, many clouds on the horizon.

• Chile’s main copper mines increased production in March.
• Production of Codelco, the world’s largest copper mining company, grew 14.8% year-on-year in March, reaching 147,600 tons. The collapse in the global copper price, however, reduced the value of this production, putting pressure on some small and medium-sized miners. The week could still be positive, finding alternatives and new drivers in the market.
We have already mentioned in this report what it could be, a good excuse to restart the metal, always hoping that the market will notice it in time, or perhaps it has already done so. Weekly target in the….

Find out about industrial supply trends and forecasts. Negotiate the best with your suppliers. Sign in !!

Note that to purchase a previous analysis at a discounted price you must purchase the analysis of the week.

Share on twitter
Twitter
Share on linkedin
LinkedIn

We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audience is coming from. To find out more or to opt-out, please read our Cookie Policy. In addition, please read our Privacy Policy.

By choosing I accept, you consent to our use of cookies and other tracking technologies.