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    Home > Chemicals Industry > New Chemical Materials > April 21 Copper Market Afternoon Review

    April 21 Copper Market Afternoon Review

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    Copper market afternoon commentary: the dollar rebound and oil prices down, overnight London copper closed down $37, the high price difference of fine waste affected refined copper consumption, the current downstream market consumption has not improved significantly, today's copper is down
    .

    Copper City

    In April 22, the interest rate of housing loans in the city rose month-on-month, and the interest rates of housing loans in Beijing, Shanghai and Shenzhen continued to remain stable
    .
    Recently, the international epidemic has intensified again, the epidemic situation in India, South America and Europe is close to the highest level, market panic has risen, the dollar has risen overnight, and non-ferrous metals have fallen
    across the board.

    Overnight, Lun copper rushed back down and turned green to close in the clouds, opening slightly higher at $
    9296 today.
    After the daily decline of Shanghai copper, the night session continued to fall back to close the shade, closing below the 5-day moving average at 68590
    .
    Shanghai copper trading rose and positions fell, market sentiment was biased towards neutrality, and it may fluctuate
    at a high level in the short term.
    The support below Shanghai copper is strong, and it is expected to continue to rise
    in the medium term.
    Shanghai copper upper pressure 70740, lower support 67000
    .
    Today's international copper premium compared with Shanghai copper fell sharply to 408 points, and the external sentiment weakened
    .

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