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    Home > Chemicals Industry > New Chemical Materials > August 26 Copper Market Afternoon Review

    August 26 Copper Market Afternoon Review

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    Copper market afternoon commentary: the market is worried that the Fed once again mentioned the issue of reducing the size, and London copper closed slightly down 0.
    13% overnight; The policy is strictly controlled to affect real estate investment, and some processing enterprises are preparing to resume production, and copper prices are expected to rise or fall limitedly
    .

    Copper City

    U.
    S.
    durable goods orders fell 0.
    1 percent in July versus an estimated 0.
    3 percent
    decline.
    U.
    S.
    commercial equipment orders unexpectedly decreased
    in July.
    German IFO Business Climate Index for August: 99.
    4; Expectations: 100.
    4; Previous Reading: 100.
    8
    .
    The market was more cautious before the global central bank meeting, the dollar fell slightly, and non-ferrous metals fluctuated
    at high levels.

    Overnight, copper fell slightly and opened slightly higher at $
    9,352 today.
    Shanghai copper opened slightly higher in overnight trading, and closed slightly negative at the 20/60-day moving average under pressure, closing at 69160
    .
    Shanghai copper trading declined, positions rose slightly, and market sentiment was neutral
    .
    Copper prices fluctuated above 65,000 in the short term to stabilize, but the macro uncertainty of the future market is high, and Shanghai copper fell below the medium-term trend line and may enter a volatile market
    .
    Shanghai copper upper pressure 70000, lower support 65000
    .
    Today's international copper rise fell to 233 points, and the internal market was stronger than the external market
    .

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