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    Home > Chemicals Industry > New Chemical Materials > August 24 copper market noon review

    August 24 copper market noon review

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
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    Copper market afternoon comment: London copper fell to close the long black candlestick on Friday, falling below $6500, and opened slightly higher at $
    6503 today.
    The Shanghai copper overnight session jumped sharply and opened low, and the night trading closed in a narrow range at the 20-day moving average of 51150
    .
    Shanghai copper trading positions fell slightly, the market was calmer, and the trend of Shanghai copper was weaker than that of London copper
    .

    Copper City

    In terms of news, WBMS, the global copper market supply shortage of 155,000 tons from January to June 2020
    .
    The DRC announced exemption from the ban
    on the export of copper, cobalt, tin and other minerals.

    The US PMI data continues to rise, but the European PMI data has begun to fall, it is expected that the US economy may continue the pace of Europe, and the number of unemployed in the United States is still not optimistic, and the economic recovery in the second half of the year may weaken.

    Due to the epidemic and the uncertainty of Sino-US relations, macroeconomic risks remain high, the follow-up economy is not necessarily upward, whether gold nine silver ten consumption can meet expectations is the key to the subsequent trend, at present, copper prices above pressure is more significant
    .

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