April 17 the Shanghai Futures Exchange copper sharply higher, finishing shocks, all Dabishougao, Trading was relatively active, positions increased significantly. 807 major contracts to 64,910 yuan / ton Open, or 0.4 percent, to 64,660 yuan / ton, up 840 yuan / ton, were 84,318 full-hand positions increased 7,536 hand. Spot 805 contract closed at 64,900 yuan / ton, up 920 yuan / ton.

     LME copper inventories currently 117,150 tons this year to reduce brass ball valve  about 40%, indicating that the market supply is tight. Standard Bank (StandardBank) analyst LeonWestgate clear that Chile's Codelco copper company five divisions of workers to strike and the news LME weak dollar pushed up prices of basic metals. Supply disruptions, as well as the current strike is the key impact of copper, and a global copper demand forecast slow growth also played a coordinating role. By the beginning of the impact of supply disruptions, many analysts forecast supply and demand will be reduced by the excess to balance.

     The Economist Intelligence Unit (EIU) Wednesday said that the brass ball valve  2008 basic metal prices are expected to fall by 1.5 per cent, due to softening demand. The 2009 prices will rise because inventories fell nearly 20%. EIU said in a report, the growth of developed economies is expected slowdown in global demand will weaken, the dollar stabilised will lead investors in the declining interest in the commodity market. Singapore, a dealer recently said that the People's Bank of China for a further rise in rates to continue to implement tight monetary policy will have an impact on China's market demand for copper, there will be downward pressure on domestic prices bear.

     Fundamentals, the United States Copper and Brass Manufacturers Association (Copper and Brass Fabricators Council) said in the monthly report, the United States in February brass rolled products import is 49237168 pounds, higher than the same period last year 42382507 pounds, February export volume a total of 27408454 pounds, also higher than the same period last year 26429743 pounds. China's State Statistical Bureau released data on the 17th, March refined copper output reached 306,300 tons, an increase of 30.7%. Spot prices in the United States Hussey Copper prices on the 16th day at 4.2380 US dollars / lb.

     Domestic spot market, today Shanghai metal mesh spot on brass ball valve  the 1st Copper Price 64,950 to 65,150 yuan / ton, 150 yuan discount discount to 50 yuan. Guangdong non-ferrous metals market on the 1st of electrolytic copper prices rose 950 yuan to 65,250 yuan to 64,950 / ton.