At 3:00 pm on August 3, London time (00:00 on August 4, Beijing time), the index three-month copper closed up 1.1%, at $6,206 per ton, at an intraday low of $6,074.50, and hit two weeks on Thursday. The low is $6,066.
| PVA |
In July, the number of new jobs in the United States was less than expected. It may be that it is difficult for companies to find qualified workers, and the unemployment rate is falling, pointing to the tightening of the employment market.
According to data released by the US Department of Labor on Friday, the number of non-agricultural employment in the United States increased by 157,000 in July. The market had previously expected to be 190,000. In June, it was revised to an increase of 248,000. The initial value increased by 213,000. .
The Chinese Ministry of Finance said on Friday that the State Council Customs Tariff Commission decided to impose tariffs of 25%, 20%, 10%, and 5% on 5,207 tax items originating in the United States. If the US is willing to go its own way and implement its tariff increase measures, China will implement the above-mentioned tariff increase measures.
On July 11, 18, the US government issued measures to impose tariffs on goods imported from China of about 200 billion US dollars, and solicited public opinions on the measures. On August 2, the US announced that it would increase the tariff rate imposed on the above-mentioned 200 billion US dollars of goods from 10% to 25%. The US measures have deviated from the consensus of the two sides, leading to an escalation of trade friction between China and the United States, serious violations of relevant rules of the World Trade Organization, and damage to our national interests and people’s interests.
He added that commodity prices are supported by a fall in the dollar.
The dollar weakened, boosting the price of dollar-denominated assets such as copper.
LME copper stocks fell by 825 tons to 256,625 tons, which has been reduced by 35% since the end of March, the lowest since January 22.
The People’s Bank of China said on Friday that in order to prevent macro financial risks and promote the stable operation of financial institutions, the central bank decided to adjust the foreign exchange risk reserve ratio of forward sales from 0 to 20%; this is not a capital regulation, nor an administrative Measures, but part of the macroprudential policy framework.
The three-month lead was flat at $2,115 per tonne.
Three-month tin fell 0.03% to $19,600 per tonne.
Three-month zinc closed up 2.7% to $2,631 a tonne.
Three-month nickel closed up 1.7% at $13,550 a tonne.
| POLYVINYL ALCOHOL |