From the quantitative aspects of copper as the world's major industrial raw brass fitting materials and basic metals, also has important significance of hard currency and the dollar and maintain a high negative correlation characteristics, the dollar range with copper decreased compared to the dollar or LME copper or the equivalent of 56.89 percent, while COMEX copper equivalent of 50.77 percent decline, which more than 50% of that, nearly 60 percent of the larger proportion of the reasons copper prices fell from the dollar.
Comparative statistics show that the United States continued to reduce the volume of imports of brass, shows that the U.S. demand for copper consumption steadily reduced. The United States as the world's largest economic entity, its economic development and changes in the international economy has an important influence. U.S. economic growth on the international copper prices, mainly through the impact of the two transmission channels: On the one hand, the United States as the world's most important copper consumption power, U.S. economic growth is the construction industry in particular, the growth rate will affect the consumption of copper, In turn will affect the international copper market supply and demand relations and eventually affect the copper futures and spot prices, U.S. economic growth brass fitting rate in particular, the construction industry growth rate and international prices is a close correlation between the other hand, international copper prices Dollar-denominated, the dollar exchange rate against other currencies in a direct impact on international copper prices, the dollar index and the U.S. dollar against major non-dollar currency exchange rates and changes in the international copper prices is a close correlation between negative. Therefore, the U.S. economic growth rate change on the international copper prices has a dual impact. The U.S. economy through changes in the dollar index have an impact on international prices. Ciji Zhai despite the crisis, U.S. economic growth rate declined substantially, but because the Fed has taken to the capital injection and banks lowered interest rates, and other means, Ciji Zhai crisis on the U.S. economy greatly ease the impact. The dollar index closely with the international copper prices were a negative correlation between the prospect investors, the dollar index may be stronger and break 80 points, is expected to further decline in international brass fitting prices, and to seek low of 7,000 U.S. dollars supporting role.brass ball valve |
