Copper falls on signs of slowing demand

Reuters2021-03-29

HANOI, March 29 (Reuters) - London copper prices fell on Monday amid rising exchange inventories and signs of weakening demand from top consumer China weighed on sentiment.

Three-month copper on the London Metal Exchange fell 0.7% to $8,900 a tonne by 0321 GMT, while the most-traded May copper contract on the Shanghai Futures Exchange advanced 1.1% to 66,290 yuan ($10,131.28) a tonne, tracking gains in London in the previous session.

Copper inventories in LME warehouses have risen 67% so far in March to 123,800 tonnes, their highest since Dec. 16, 2020. Stockpiles of the metal in ShFE warehouses

were last at 188,359 tonnes, a high level unseen since September 2020.

Meanwhile, Yangshan copper premium dropped to $60 a tonne, its lowest since Dec. 23, 2020, as inventories in bonded warehouses leaped to 382,000 tonnes, their highest since July 2019, indicating weakening demand for imported metal into China.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Daniel Tay
2021-03-29
Daniel Tay
Likes and comment pls
- nicholastsj:
  comment
Tiongwee
2021-03-29
Tiongwee
Great!
Yoxin
2021-03-29
Yoxin
Awesome
- Yoxin:
  Good to know
Kess
2021-03-29
Kess
World wide stockpile has been going up for the past few weeks. Kind of inflated in my opinion.
Yc3
2021-03-29
Yc3
Like and comment pls
- Yc3:
  Ok
- schsch:
  like and comment pls ‌[财迷] ‌
kino318
2021-03-29
kino318
Bubble start?
- Yc3:
  I thinj so

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2123528058?lang=en_US&edition=fundamental","thumbnail":"https://static.tigerbbs.com/eeb9a4d452d8568bcc6a2558535ad160","is_english":true,"pubTime":"2021-03-29 11:40","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2123528058","market":"fut","top_or_hot":-1,"title":"Copper falls on signs of slowing demand","media":"Reuters","content":"<p>HANOI, March 29 (Reuters) - London copper prices fell on Monday amid rising exchange inventories and signs of weakening demand from top consumer China weighed on sentiment.</p><p>Three-month copper on the London Metal Exchange fell 0.7% to $8,900 a tonne by 0321 GMT, while the most-traded May copper contract on the Shanghai Futures Exchange advanced 1.1% to 66,290 yuan ($10,131.28) a tonne, tracking gains in London in the previous session.</p><p>Copper inventories in LME warehouses have risen 67% so far in March to 123,800 tonnes, their highest since Dec. 16, 2020. Stockpiles of the metal in ShFE warehouses</p><p>were last at 188,359 tonnes, a high level unseen since September 2020.</p><p>Meanwhile, Yangshan copper premium dropped to $60 a tonne, its lowest since Dec. 23, 2020, as inventories in bonded warehouses leaped to 382,000 tonnes, their highest since July 2019, indicating weakening demand for imported metal into China.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Copper falls on signs of slowing demand</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCopper falls on signs of slowing demand\n</h2>\n\n<h4 class=\"meta\">\n\n2021-03-29 11:40 北京时间&nbsp;&nbsp;&nbsp;<strong>Reuters</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>HANOI, March 29 (Reuters) - London copper prices fell on Monday amid rising exchange inventories and signs of weakening demand from top consumer China weighed on sentiment.Three-month copper on the ...</p>\n\n<a href=\"None\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FT_SY_HG","symbol_name":"黄铜","start_time":0,"source_url":null,"article_id":"2123528058","we_media_id":"1036604489","thumbnails":["https://static.tigerbbs.com/eeb9a4d452d8568bcc6a2558535ad160"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2123528058","pubTimestamp":1616989225,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"HANOI, March 29 (Reuters) - London copper prices fell on Monday amid rising exchange inventories and","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"需求放缓迹象导致铜价下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HGmain":0.9},"content_text":"HANOI, March 29 (Reuters) - London copper prices fell on Monday amid rising exchange inventories and signs of weakening demand from top consumer China weighed on sentiment.Three-month copper on the London Metal Exchange fell 0.7% to $8,900 a tonne by 0321 GMT, while the most-traded May copper contract on the Shanghai Futures Exchange advanced 1.1% to 66,290 yuan ($10,131.28) a tonne, tracking gains in London in the previous session.Copper inventories in LME warehouses have risen 67% so far in March to 123,800 tonnes, their highest since Dec. 16, 2020. Stockpiles of the metal in ShFE warehouseswere last at 188,359 tonnes, a high level unseen since September 2020.Meanwhile, Yangshan copper premium dropped to $60 a tonne, its lowest since Dec. 23, 2020, as inventories in bonded warehouses leaped to 382,000 tonnes, their highest since July 2019, indicating weakening demand for imported metal into China.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":352731066,"gmtCreate":1617002948155,"gmtModify":1704800663698,"author":{"id":"3573623220650432","authorId":"3573623220650432","name":"Daniel Tay","avatar":"https://static.tigerbbs.com/084a34a7e85f0f077a0253b0ee1a1dbc","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":4,"crmLevelSwitch":1,"authorIdStr":"3573623220650432","idStr":"3573623220650432"},"htmlText":"Likes and comment pls","listText":"Likes and comment pls","text":"Likes and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/352731066","repostId":2123528058,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3913921,"gmtCreate":1617028307678,"gmtModify":1680782188679,"authorId":3574929829220175,"author":{"id":3574929829220175,"idStr":"3574929829220175","authorId":3574929829220175,"name":"nicholastsj","avatar":"https://static.tigerbbs.com/d43d1a543e192369160adfc42ef5e783","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":352731066,"type":1,"supId":0,"prevId":0,"content":"comment","text":"comment","html":"comment"}],"langContent":"EN"},{"id":352486399,"gmtCreate":1616993659511,"gmtModify":1704800556234,"author":{"id":"3573775111920367","authorId":"3573775111920367","name":"Tiongwee","avatar":"https://static.tigerbbs.com/e90910e406e67c77f42e225b16b69020","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3573775111920367","idStr":"3573775111920367"},"htmlText":"Great!","listText":"Great!","text":"Great!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/352486399","repostId":2123528058,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":352414469,"gmtCreate":1616993152451,"gmtModify":1704800547520,"author":{"id":"3571470148893542","authorId":"3571470148893542","name":"Yoxin","avatar":"https://static.tigerbbs.com/3184024bf3d660bd49cc2158ebd27b3f","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3571470148893542","idStr":"3571470148893542"},"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/352414469","repostId":2123528058,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3909918,"gmtCreate":1616993164670,"gmtModify":1680782129157,"authorId":3571470148893542,"author":{"id":3571470148893542,"idStr":"3571470148893542","authorId":3571470148893542,"name":"Yoxin","avatar":"https://static.tigerbbs.com/3184024bf3d660bd49cc2158ebd27b3f","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":352414469,"type":1,"supId":0,"prevId":0,"content":"Good to know","text":"Good to know","html":"Good to know"}],"langContent":"EN"},{"id":352415946,"gmtCreate":1616992991285,"gmtModify":1704800545250,"author":{"id":"3574940130653589","authorId":"3574940130653589","name":"Kess","avatar":"https://static.tigerbbs.com/845998be69a2f9e60a4fdec19f22cc21","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3574940130653589","idStr":"3574940130653589"},"htmlText":"World wide stockpile has been going up for the past few weeks. Kind of inflated in my opinion.","listText":"World wide stockpile has been going up for the past few weeks. Kind of inflated in my opinion.","text":"World wide stockpile has been going up for the past few weeks. Kind of inflated in my opinion.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/352415946","repostId":2123528058,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":352416329,"gmtCreate":1616992745461,"gmtModify":1704800541666,"author":{"id":"3567136329417120","authorId":"3567136329417120","name":"Yc3","avatar":"https://static.tigerbbs.com/2c6fb3b8c918f8718ab8d5b1792e9f37","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3567136329417120","idStr":"3567136329417120"},"htmlText":"Like and comment pls","listText":"Like and comment pls","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/352416329","repostId":2123528058,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3912065,"gmtCreate":1617015080873,"gmtModify":1680782168150,"authorId":3567136329417120,"author":{"id":3567136329417120,"idStr":"3567136329417120","authorId":3567136329417120,"name":"Yc3","avatar":"https://static.tigerbbs.com/2c6fb3b8c918f8718ab8d5b1792e9f37","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":352416329,"type":1,"supId":3909940,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":3909940,"gmtCreate":1616993250547,"gmtModify":1680782137119,"authorId":3575927670533252,"author":{"id":3575927670533252,"idStr":"3575927670533252","authorId":3575927670533252,"name":"schsch","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":352416329,"type":1,"supId":0,"prevId":0,"content":"like and comment pls ‌[财迷] ‌","text":"like and comment pls ‌[财迷] ‌","html":"like and comment pls ‌[财迷] ‌"}],"langContent":"EN"},{"id":352439205,"gmtCreate":1616991698607,"gmtModify":1704800522075,"author":{"id":"3578134255896974","authorId":"3578134255896974","name":"kino318","avatar":"https://static.tigerbbs.com/e983f44b7853b7b8c10f1b3f6e19dc68","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3578134255896974","idStr":"3578134255896974"},"htmlText":"Bubble start?","listText":"Bubble start?","text":"Bubble start?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/352439205","repostId":2123528058,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3909886,"gmtCreate":1616992770838,"gmtModify":1680782129028,"authorId":3567136329417120,"author":{"id":3567136329417120,"idStr":"3567136329417120","authorId":3567136329417120,"name":"Yc3","avatar":"https://static.tigerbbs.com/2c6fb3b8c918f8718ab8d5b1792e9f37","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":352439205,"type":1,"supId":0,"prevId":0,"content":"I thinj so","text":"I thinj so","html":"I thinj so"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":32,"commentSize":9,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2123528058"}