Copper price rise, opportunities and challenges coexis
Copper price rise, opportunities and challenges coexist,are you ready?
--From China Famous Brand BSGH(a manufacturer and supplier specializing in copper recycling equipment)
The copper mine entering the tightening cycle and the global low inventory pattern did provide flexibility for the rebound of copper prices, and the risk points still exist.
In the fourth quarter of last year, the IMF lowered the economic growth forecast of several large economies, and
the oil price was even higher in the fourth quarter. It is a 44.92% plunging, and the slowdown in global economic
growth has led to a weak demand.
At the same time, a new round of Sino-US trade negotiations was held in the past few days. The outcome of the
negotiations may affect the trend of bulk commodities throughout the year.
The trend of copper prices will not be known as the investment bank's forecast, but the process must be full of variables.
1.Chilean Copper Council: Copper prices will rise 14% from current levels in 2019
Chilean Copper Council (released copper price forecast for 2019. Global economic slowdown, US-China trade tensions and
financial market turmoil are the main negative factors for the slowdown in metal prices.Since 2016, copper prices and
China's economic activities data is increasingly connected and the relationship with the China Purchasing Managers Index
(PMI) is rising. It is expected that copper prices will rise 14% from current levelsto AUD3.05 per pound in the absence of
2.Southern Copper: Shortage will bring upside potential for copper pricesSouthern Copper held a teleconference on the fourth quarter and full year of 2018 on February 12 to update its views on
In 2019, considering the economic slowdown (rather than the recession), Southern Copper believes that demand for refined
copper will grow at a rate of around 2.5%, and supply will grow at around 1.5%. It is expected that there will be a shortage
in the market this year, which will bring upside potential for copper prices.
3.Morgan Stanley: Copper prices are expected to rise 14% from current levels by the end of the yearOn February 13th, Morgan Stanley said in a report that copper prices are expected to rise 14% from the current level
4.Canadian miner Taseko expects copper prices to rise in 2019Canadian miner Taseko reported that its production in Gibraltar's copper mine fell from 141 million pounds in 2017 to 125
summary:In 2019, it mainly focused on the stability of the current economy after the macro-level crisis receded. It is expected that the overall operating focus of Luntong Copper will be 6700-6800 USD/ton, and Shanghai
Company:Xi'an Grand Harvest Equipment Co., Ltd.
company online contacts:
aftersale service and complaint email and phone number:
phone number: 008613772508206
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