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Brief review of Shanghai copper on March 10

 Last Update: 2022-12-24
 Source: Internet
 Author: User

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Today's Shanghai copper main range oscillation, the overall amplitude of the day is limited
.
At the end of the day, the main 2204 contract of Shanghai copper closed at 71940, down 810, or 1.
11%.

Shanghai copper

The Russian-Ukrainian negotiations may make substantial progress, and the situation will ease.

There are differences in Europe and the United States over the formulation of sanctions packages, and Germany opposes an energy ban
.
Affected by the cooling of war speculation, the main price of crude oil in Shanghai today fell to a stop, driving the general decline of nonferrous prices
.

The LME nickel incident crisis turned, Tsingshan Group responded that it has allocated sufficient spot for delivery through various channels, and the hype caused by this incident may come to an end
.
Copper prices may return to fundamental guidance and enter a period of price consolidation
.
In the short term, copper prices have insufficient upward momentum, and due to the persistence of high inflation, the bottom 71000 support level is relatively strong, focusing on the main force of Shanghai copper 71000-72500
.
Strategic shippers recommend shipping to make a profit, and the downstream to stay on the sidelines, just need to purchase
.

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