This week (August 5 - August 9) international metals markets for a rebound. This week in the United States, Germany, China's economic figures released by the performance is better than expected, especially China's strong economic data caused attention. In the positive data, industrial metals for a rebound, while the dollar index hit back.
China, according to the data published in July 1 - industrial production rose 9.4% year-on-year, the national investment in SCH80 Seamless Steel Pipe ASME B36.10M fixed assets rose 20.1%, were better than expected, data shows that the recent series of steady growth, structural adjustment and promote the effect of the policy of reform measures have been revealed, market sentiment continued to improve. Combined with the previously published virtue data are better than market expectations, the two countries pull industrial metals rebound sharply.London metal exchange copper futures rise continuously, the week has risen nearly 4%, $7200 / ton, closed at $7270.5 / ton, set at its highest level since two months. While the Shanghai futures exchange Shanghai copper main week has risen 2.9%, trend rebound. Domestic most analysts believe that this round of metal recovery is expected to continue, the ASME B16.9 45 Deg Long Radius butt weld Elbow market is still will be subject to the stimulation of good data, will continue to rebound in the short term.
Under the influence of metal market rebounded strongly, the dollar index in the past six days, five consecutive trading day sharply, to August 2, up to now has fallen more than 1.3%, is almost back to the starting point of the wheel.
It is worth noting that while the dollar falling, gold market, however, does not rebound trend, the international gold prices this week status, fluctuates around $1310 an ounce. A strong rebound in industrial metals and gold shakeouts again indicates that economic data stimulation is a black gas steel pipe factories in china major driver of market volatility this week, and investors pay more attention to the real economy recovery, do not care about using traditional gold hedge dollar portfolio.
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