The latest chemical trading industry insights from Japan, Asia and the world, reported by the President of Daishin Corporation, Masa Oguchi.
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President, Daishin Corporation
Born in Nara Prefecture, Japan, in 1973. Currently lives in Osaka.
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Sudden Drop in Copper Price
Currently, the copper price on the LME is the lowest in the last 8 months, trading in the USD6,700 range.
This is due to economic uncertainty in China such as the recent default on a corporate bond by a major Chinese PV panel manufacturer.
Copper markets in Shanghai and NY have also been marking a sell-off.
Sudden Drop in Copper Price
Currently, the copper price on the LME is the lowest in the last 8 months, trading in the USD6,700 range.
This is due to economic uncertainty in China such as the recent default on a corporate bond by a major Chinese PV panel manufacturer.
Copper markets in Shanghai and NY have also been marking a sell-off.
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