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    Home > Chemicals Industry > New Chemical Materials > April 8 copper market noon review

    April 8 copper market noon review

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    Copper market afternoon comment: the US dollar index stopped falling and rebounded, overnight London copper closed under pressure more than 1.
    2%, the rise in global exchange copper inventories has not changed, the recent performance of China's downstream demand is weaker than expected, and copper is falling
    today.

    Copper City

    Recently, many places in China have tightened real estate policies, and Guangdong mortgage interest rates have risen
    .
    The US trade deficit widened to a record high of $71.
    1 billion in February
    .
    Germany's public fiscal deficit in 2020 was the highest since reunification in 1990 and its first since
    2013.
    The United States announced a tax reform plan, which will tighten corporate tax policies, the dollar rose overnight, and non-ferrous metals fell
    across the board.

    After Tuesday's sharp rise, the overnight copper high fell sharply to close in the shade, opening slightly higher at $
    8937.
    5 today.
    Shanghai copper opened high and low on the day, opened low and fell in the night to close in the shade, closing near the 20-day moving average at 66450
    .
    Shanghai copper trading rose, positions fell, and market sentiment was biased towards wait-and-see
    .
    There is support around 65,000 below Shanghai copper, but the news is calm and the upward momentum is insufficient, and the volatile market may continue in the short term
    .
    Shanghai copper upper pressure 70000, lower support 65000
    .
    Today's international copper premium from Shanghai copper rose slightly to 265 points
    .

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