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    Home > Chemicals Industry > New Chemical Materials > April 17 Copper Market Brief Review

    April 17 Copper Market Brief Review

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    Brief comment on the copper market: Today's Shanghai copper opened high, maintained a high level of volatility during the day, and closed the Shanghai copper main 2006 contract at 42280
    as of the day.

    Today's non-ferrous metals market ushered in a general rise, and many varieties of gains expanded
    .
    Although GDP fell in the first quarter, the market generally expects more favorable policies to hedge downside risks
    in the second quarter.

    It is understood that there are rumors that Yuncu production will be reduced, and this Friday (April 17) copper stocks in the Shanghai Free Trade Zone decreased by 11,300 tons to 316,000 tons compared with last week (April 10), and the inventory dematerialization supported the upward
    trend of copper prices.

    In the spot market, holders insist on high premium shipments, some traders are bearish on late premium, and market transactions are cautious
    .
    The peak of the epidemic panic may have passed, overseas mine disruption continues to expand, inventories are in a state of decomposition, suggesting that downstream demand is recovering, and the risk to the sharp downside of copper prices is expected to weaken.

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