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    Home > Chemicals Industry > New Chemical Materials > April 1 copper market morning review

    April 1 copper market morning review

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    Copper market morning comment: London copper fell slightly yesterday, and the main contract of Shanghai copper closed higher
    overnight.
    Macro is mixed, demand has partially improved, copper prices remain high and volatile in the short term, cautious participation
    .

    Copper City

    At the macro level, geopolitical events in Russia and Ukraine have been repeated; The high-frequency data of the domestic economy is weaker than expected, and the national measures to stabilize growth are on the line; The Fed's rate hike boots landed, in line with expectations, but crude oil rebounded and inflation continued
    .

    On the supply side, TC picked up, but there was interference in short-term mines; Refined copper production increased
    year-on-year.
    On the demand side, the domestic destocking has been greatly reduced, the domestic smelting enterprises have stopped production and the logistics restrictions under the influence of the epidemic, coupled with the shortage of scrap copper, the premium has remained high, but the actual downstream consumption is average
    .
    Overseas inventories rebounded
    slightly.

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