2. On Wednesday, Moderna Inc said that there was enough data to conduct the first interim analysis of the late trial of the experimental COVID-19 vaccine, which would help to determine its efficacy. In addition, Germany's CureVac company claims that its vaccine remains stable at 5 degrees Celsius for at least three months, which is easier to distribute than some other competitive vaccines.
3. Robin Barr, an independent consultant, said that the vaccine news has a positive impact and helps boost copper prices, because it means that the economy can be opened. But regardless of the vaccine, the fundamentals of copper look good. He cited optimistic manufacturing data and supply concerns in recent weeks.
1. In China, the decline of new bank loans in China in June of 5438+00 exceeded expectations, but it may be a seasonal decline. As the global epidemic continues to spread, policy makers will maintain solid support for the economy. China will speed up the expenditure of special funds allocated to local governments to help support the economy. The China administration's stimulus measures supported the virus-hit economy. The copper premium in Yangshan, China dropped to USD 46 per ton, the lowest level since April 2065438+2007, indicating that the demand for imported copper in China declined.
2. Antaike, a metal research company in China, said that after a short period of short supply this year, the global zinc concentrate market is expected to resume oversupply in 20021. Other metal closing situations include: aluminum price rose by 0.5% to $0.928 per ton, zinc price (23505390.00, 1.69%) fell by 0.02% to $2,623.50 per ton, and nickel price fell by 0.2% to $65,430 per ton. The price of lead rose by 0.9% to $0.892 per ton/kloc-0, the highest point since September 22nd. Tin rose 0.5% to $65,438+08,295 per ton.