汇丰银行-大宗商品铜-xx进口废品禁令提振铜价-20170801-hsbc-commoditiesunearthedcopper,chinascrapimportbanandstrongdemandliftcopperprices.pdfVIP

1 August 2017   Commodities unearthed EQUITIES METALS MINING  Copper: China scrap import ban and strong demand lift copper prices GLOBAL Copper prices jumped on news that China will ban copper Jeff Yuan* scrap imports starting in 2019 Head of HK/China Metals Mining Equity Research The Hongkong and Shanghai Banking Corporation Limited jeffsyuan@.hk We think the recent price rally is partly justified by strong +852 3941 7010 Chinese macro figures as well as concerns over import ban Jonathan Brandt, CFA LatAm Metals Mining Analyst Our long-term copper price forecast is unchanged at USD3.10/lb HSBC Securities (USA) Inc Jonathan.l.brandt@ +1 212 525 4499 Copper price jumps on scrap import ban: The copper price rose above USD6400/t David Pleming*