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Brief review of Shanghai copper on March 24

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

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Today, the main force of Shanghai copper opened high and low, and then maintained a narrow range
.
At the end of the day, the main 2205 contract of Shanghai copper closed at 73580, up 430, or 0.
59%.

Shanghai copper

The disagreement in the Russian-Ukrainian negotiations, which the Ukrainian side said had encountered "major difficulties", triggered a new round of supply worries, nickel and energy prices soared, and market confidence boosted the general rise of non-ferrous metals
.
High inflation support remains, and despite the Fed's frequent hawkish rhetoric on interest rate hikes, it is difficult to see the short-term effect
on copper prices.

The domestic epidemic has hindered transportation and demand, which has a certain inhibitory effect
on copper prices.
In the short term, copper prices will remain volatile
at a high level.
The pressure level was raised to 74,000
.
Operate the shipper to ship at a high price, and the downstream needs to stock up on the low, and wait and see
for the time being.

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