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    MTC   VGG6181K1066

MMTEC, INC.

(MTC)
Delayed Quote. Delayed Nasdaq - 09/20 03:59:24 pm
1.2977 USD   -3.87%
07/13Copper rises as positive China data boosts demand outlook
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05/12Mmtec, Inc. Announces Management Changes
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04/23MMTEC, INC. : Announces 2020 Year-End Financial Results
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Copper rises as positive China data boosts demand outlook

07/13/2021 | 02:46am EDT

July 13 (Reuters) - Copper advanced on Tuesday as better-than-expected trade data from top consumer China lifted demand outlook for the metal, even as physical demand was tepid due to high material prices.

Three-month copper on the London Metal Exchange was up 0.2% at $9,425 a tonne, as of 0802 GMT, while the most-traded August copper contract on the Shanghai Futures Exchange dipped 0.4% to 69,200 yuan ($10,705.78) a tonne.

China's exports grew much faster than expected in June, as solid global demand led by easing lockdown measures and vaccination drives worldwide eclipsed virus outbreaks and port delays, customs data showed.

The country's overall imports also beat expectations last month, though the pace of gains eased from May, with the values boosted by high raw material prices, the data showed.

The data boosted metals, a Singapore-based trader said, adding that prices have already consolidated at lower levels. So, if the dollar falls, prices will likely rise.

However, copper prices were capped by weak physical demand from some downstream users as their margin was hurt by the metal's price rally which hit record levels in May.

"Demand is not really good due to high copper prices. It's worse than last year. The second half of this year may be better... if delayed projects in infrastructure and grid companies start to place orders," said CRU analyst He Tianyu.

FUNDAMENTALS

* LME aluminium rose 0.4% to $2,498.50 a tonne and nickel increased 0.5% to $18,765 a tonne, while lead fell 0.6% to $2,318 a tonne.

* ShFE aluminium was up 0.8% at 19,235 yuan a tonne, nickel rose 0.6% to 140,500 yuan a tonne, while zinc declined 1.9% to 21,995 yuan a tonne and lead shed 1.6% to 15,630 yuan a tonne.

* For the top stories in metals and other news, click or

($1 = 6.4638 yuan) (Reporting by Mai Nguyen in Hanoi, Editing by Sherry Jacob-Phillips, Uttaresh.V and Emelia Sithole-Matarise)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BRITISH POUND / US DOLLAR (GBP/USD) 0.04% 1.36673 Delayed Quote.0.39%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.11% 0.78184 Delayed Quote.-0.25%
EURO / US DOLLAR (EUR/USD) 0.04% 1.173 Delayed Quote.-3.97%
INDIAN RUPEE / US DOLLAR (INR/USD) 0.04% 0.013586 Delayed Quote.-0.89%
MMTEC, INC. -3.87% 1.2977 Delayed Quote.-11.72%
MSCI SINGAPORE (GDTR) 0.30% 6486.843 Real-time Quote.12.58%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.03% 0.70186 Delayed Quote.-2.06%
S&P GSCI ALUMINUM INDEX 0.00% 182.1432 Delayed Quote.46.33%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) -0.14% 6.4693 Delayed Quote.-0.25%
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Financials (USD)
Sales 2020 0,74 M - -
Net income 2020 -3,18 M - -
Net cash 2020 0,76 M - -
P/E ratio 2020 -9,42x
Yield 2020 -
Capitalization 32,6 M 32,6 M -
EV / Sales 2019 188x
EV / Sales 2020 38,7x
Nbr of Employees 31
Free-Float 56,7%
Chart MMTEC, INC.
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Mmtec, Inc. Technical Analysis Chart | MTC | VGG6181K1066 | MarketScreener
Technical analysis trends MMTEC, INC.
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Managers and Directors
Xiang Dong Wen Chairman & Chief Executive Officer
Min Kong Chief Financial Officer
Zheng Fei Li Chief Technology Officer
Qing Shun Meng Independent Director
Dong Qiang Wang Independent Director
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