Fundamentals: Santiago June 30, Chile's National Bureau of Statistics (INE) on Tuesday released a report shows that Chile's copper production in May was 508,245 tons, helped by the completion of new projects, and an unknown "important" processing plant efficiency improvement.

Chile is the world's largest copper producer.

Chilean copper production in May rose 2.1%, compared with April 2015 increased by 7.8%.

Although there are many new mines to help boost production, but Chile is still facing the old project ore grade decline embarrassment.

Chile's copper output in January-May was 2.43 million tonnes, up 2.3% from a year earlier.

In addition, the Bureau of Statistics report also shows that Chilean molybdenum production in May surged 19.7% year on year to 4,872 tons.

Operational recommendations: 08 copper medium-term bearish unchanged, is still walking in the downstream pattern, the current look at 42300 points is 08 copper pressure point, this point is expected to continue to lower the bottom of the main market outlook. The current 30-minute KDJ indicator values have been formed in the high Sicha, short-term market outlook is expected to continue to decline, the operator can set 42300 for the defense, 42300 points below the high-altitude treatment, the specific operating point concern dynamic trend.

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