Copper prices are going down slightly – ing

The copper slid down after the prices of the new homes in China further fell in seven months, the Ing raw material analysts, Warren Patterson and Ewa Manthey.

Monthly primary aluminum production in China increases 5%

“China’s real estate market, a key sector for the demand for basic metals, saw a 0.2% drop in the prices of new homes in 70 cities in April. After several months of relatively encouraging data, where the rhythm of price falls was slowed down and more cities saw price stabilization, we are seeing faster price falls with less cities experiencing increases. This suggests that there is a risk that there is a risk that there is a risk that there is a risk that there is a risk that there is a risk that there is a risk. Real estate back again. “

“Meanwhile, the numbers of the National Statistics Office (NBS) published this morning showed that the monthly primary aluminum production in China increased 5% year -on -year to 3.8MT in May, since national factories increased production in the midst of increased profit margins. Accumulatively, production increased 4% interannual to 18.6mt during the first five months of the year.”

“The latest CFTC positioning data show that speculators increased their long positions in Copper de Comex in 2,807 lots for the second consecutive week, reaching 26,676 lots to June 10. The movement was largely driven by the fall of the gross shorts in 2,886 lots during the report week.”