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    Home > Chemicals Industry > New Chemical Materials > August 14 London Morning Review

    August 14 London Morning Review

    • Last Update: 2022-12-12
    • Source: Internet
    • Author: User
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    The currency crisis around Turkey stirred up global financial markets, Chinese and European stock markets, and emerging market currencies including the yuan generally declined, prompting investors to abandon risky properties, most industrial metals fell, overnight London copper weak shock, the latest closing price at 6130 yuan / ton, down 25 US dollars, down 0.
    41%, the volume of 13355 lots decreased 1124 lots, the position 318373 increased by 201 lots
    .

    London copper

    In terms of news, the sharp decline in the Turkish lira dragged the euro to a 13-month low on Monday, and weighed on emerging market currencies, many currencies fell sharply, and the dollar rushed back down, continuing its overall strength
    .
    Yesterday, China's new loans and M2 growth exceeded expectations, and domestic funds were significantly loosened
    recently.
    However, under the strong suppression of the US dollar at night, non-ferrous metals as a whole continued to fluctuate
    .

    Fundamentals: The risk of an escalation of the Sino-US trade war remains
    .
    Investors have recently been awaiting the outcome of the strike at the Escondida copper mine in Chile, which is the only strong potential bullish
    at the moment.
    The dollar continues to strengthen, another short-term bearish factor
    .
    In general, the fundamentals are bearish are the main factors, and the bullish are short-term factors
    .

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