China’s imports of Australian Copper Prices Concentrate Fell By 34%

China’s imports of Australian copper prices concentrate fell by 34% to 26,717 tonnes in November, the lowest level since January 2017, according to the data released by the General Administration of Customs.

The imports dropped as the Chinese government instructed companies not to purchase copper ore and concentrate from Australia because of souring relations between the two countries.

Copper prices is one of Australia’s top exports along with iron ore and gold. As such, the decline in exports to China, the world’s biggest commodity importer, and the second-largest economy, could be called an AUD-bearish development.

घरेलू बाजार की कमजोर मांग के बीच वायदा कारोबार में मंगलवार को तांबा वायदा भाव 3.85 रुपये की गिरावट के साथ 602.10 रुपये प्रति किलो रह गया।

मल्टी कमोडिटी एक्सचेंज में जनवरी माह में डिलीवरी होने वाले अनुबंध के लिये तांबा का भाव 3.85 रुपये यानी 0.64 प्रतिशत की गिरावट के साथ 602.10 रुपये प्रति किलो रह गया। इसमें 4,361 लॉट के लिये सौदे किये गये। बाजार विश्लेषकों ने कहा कि हाजिर बाजार की कमजोर मांग के कारण सटोरियों द्वारा अपने सौदों की कटान करने से यहां तांबा वायदा कीमतों में गिरावट आई।

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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