英国联合金属上海代表处伦铜周报 07 05 2013.pptx

1、Weekly Copper ReviewVersion 1.0,AMT Shanghai Team,Please refer to the “Important Notice” below, in connection with any views which may be expressed in this communication.,Trading & market data,Weekly commodity & USD overview Start from 2012,Data source: Thomson Reuters EIKON,LME weekly stock changes

2、 - Europe,Data source: Thomson Reuters EIKON,LME weekly stock changes - Asia,Data source: Thomson Reuters EIKON,LME weekly stock changes North America,Data source: Thomson Reuters EIKON,LME weekly stock changes Worldwide,Data source: Thomson Reuters EIKON,SHFE Stock overview,Data source: Thomson Reu

3、ters EIKON,LME Copper Cash 3 Month spread,Data source: Thomson Reuters EIKON,Buy LME Cash and Sell SHFE 3M Spot profit is calculated as (LME Cash + SH. Premium) *CNY3MNDF*(1+VAT)*(1+Impor duty)+Other Fees SHFE 3M VAT is 17% Import duty is 0% for now SHFE 3M is last trade price,Convert to arb ratio,D

4、ata source: Thomson Reuters EIKON,Chinese copper import ratio,Data source: Thomson Reuters EIKON,LME Nickel & Copper ratio,Data source: Thomson Reuters EIKON,LME Copper & Zinc ratio,Chinese fundamental data,* Scrap is NOT converted to copper tonnage,Data source: Thomson Reuters EIKON,Data source: Th

5、omson Reuters EIKON,Data source: Thomson Reuters EIKON,Data source: Thomson Reuters EIKON,Data source: Thomson Reuters EIKON,Important Notice,This communication has been prepared by the individual named below, on the basis of his/her own views at the time of publication and is intended to be for gen

6、eral information purposes only. These views do not constitute any form of investment research, research recommendation, financial promotion or investment advice, nor should they be regarded as such. Further, they are not intended to promote or encourage any particular investment strategy or activity. Any views expressed are that persons own (at that time) and members of the AMT dealing team may have already acted upon them. Other team members may have different views and they may adopt strategies, on behalf o