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    Home > Chemicals Industry > New Chemical Materials > August 6 copper market morning review

    August 6 copper market morning review

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    Copper market early comment: overnight copper prices are weak, and the market transaction is average
    .
    The weekend NFP became the next focus, with U.
    S.
    first-time jobless claims lower than expected, but given the previous poor ADP employment, the possibility of a lower than expected non-farm payrolls is not small
    .
    China is beginning to be plagued by the Delta virus, and physical demand may be impacted
    .
    The spot premium fell back to about 300 yuan, and large households sold goods for current behavior, and the downstream lacked performance
    .

    Copper City

    On the macro front, global central banks will continue to maintain their current ultra-loose monetary and fiscal policies in the short term, and although the dollar trend was relatively strong after the interest rate meeting, it is largely an overdraft
    of future economic growth.

    Recently, the financial market style switch frequently, the non-ferrous sector is facing the situation of "strong outside and weak inside, strong spot futures", while the tight situation of low inventory supply is difficult to reverse due to storage dumping, in the new energy new infrastructure carbon neutrality and other hot concepts continue to ferment, the vulnerability of the global supply chain promotes industrial replenishment background, if there is no macro system risk, copper and aluminum led by non-ferrous metal prices have strong structural support, short-term copper prices are blocked in the line of 73,000 yuan, the previous threshold of 70,000 yuan / ton faces a rebound test, If it breaks below the lower level, strong support will be at the 68,000 yuan line
    .

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