Copper prices for delivery on June 19, 2021 fell 1.7% to $9,159/ton and fell about 8.5% this week. Copper exports in May 2021 reached 79,044 tons, up 3.4% compared to April 2021 and up 67.7% compared to May 2020.
Copper prices traded at the weekend of June 19, 2021, on track for their biggest weekly drop since March 2020 after the Federal Reserve signaled it would begin tightening monetary and China policy.
On the London bourse, copper for delivery on June 19, 2021 fell 1.7% to $9,159/ton and fell about 8.5% this week.
The price of other metals traded on the London floor also changed, aluminum price fell 0.5% to $ 2,387/ton, zinc price fell 2.6% to $2,836.50, nickel price remained unchanged $17,170 and tin price fell 2% to $30,000.
According to customs data released on June 18, China’s copper exports in May 2021 rose to their highest level since March 2020 as a higher international reference price encouraged merchants to transport face-to-face shipments. this metal goods abroad.
China is the world’s top copper consumer and rarely exports in large volumes. However, last month’s surge in London copper prices to a record high not only made imports less favorable but also encouraged shipments to go in the other direction. Copper exports in May 2021 totaled 79,044 tonnes, up, up. 3.4% compared to April 2021 and increased 67.7% compared to May 2020.
In the first 5 months of 2021, China exported 369,403 million tons of copper, up 10.5% compared to the first 5 months of 2020.
List of futures trading prices of some metals on the Shanghai floor
(Unit: CNY/ton)
Type Name Futures June 18 Difference from yesterday
Steel Price Delivered in October 2021 5,109 +56
Copper Price Delivered in July 2021 67,540 -1,540 VND
Zinc Price Delivered in July 2021 22,110 -530 VND
Nickel Price Delivered in July 2021 128,460 +270
Silver Price Delivery December 2021 5,416 -212
Source: VITIC/Reuters
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