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    Home > Chemicals Industry > New Chemical Materials > August 11 copper market noon review

    August 11 copper market noon review

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
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    Copper market afternoon comment: China's strong economic growth boosted market sentiment, overnight London copper closed up more than 2.
    6%, overseas demand recovery inventory dematerialization, July major domestic smelter production declined, copper materials rose
    today.

    Copper City

    In August, the domestic copper market consumption was slightly weak, the copper inventory in the previous period continued to rise, the spot electrolytic copper inventory also increased, and the price rebound was highly limited
    .
    The supply of recycled copper is still tight, so in the face of the previous sharp decline in copper prices, there is a general reluctance
    to sell.
    However, after the recent risk release, the enthusiasm of factories and enterprises to purchase goods has increased
    .
    In addition, the market focuses on copper import policy trends, the current new policy for recycled copper imports has not yet been officially implemented, and it is reported that some large shipping companies will stop shipping solid waste
    in September.

    At present, the situation between China and the United States is temporarily uncertain, and the market expects that the short-term trend will still affect the trend of metals, and prices may be dominated
    by volatile trends.

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