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Copper market index November 2020

Copper market index November 2020
In November 2020, China's copper demand climate index was 101.8, up 0.6 points compared with the previous month. The November index was in the "normal" range (95.7 to 104.2), indicating that Chinese copper demand was neither too cold nor too weak this month Hot.China copper demand market index reflects the current level of copper consumption situation, because the absolute amount of the index is treated as the rate of change from the previous month, so the market index represents the degree of climate of this month compared with the previous month.
The November 2020 Chinese copper demand index was slightly higher than the October 2020 Chinese copper demand index and higher than the same period last year.Investigate its reason mainly is the data factor, after the seasonal factor adjustment, in this among the 32 macro and copper terminal industry indicators included in the index, AC motor output in the power industry rose by 5% month-on-month; In the household appliances industry, the output of air conditioners rose by 6% in the current period; Investment of railway fixed assets in transportation industry the 7% month-on-month increase resulted in China's copper demand index for November 2020 slightly higher than October of the same year. Meanwhile, 44 percent of the indicators showed negative growth in mid-November 2020, while 47 percent showed negative growth in mid-November 2019.

 

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