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Brief review of Shanghai copper on March 28

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

Tags

supply demand production

perfusion index range

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Today, the main force of Shanghai copper opened low and maintained a narrow range
.
At the end of the day, the main 2205 contract of Shanghai copper closed at 72940, down 630, or 0.
86%.

Shanghai copper

U.
S.
economic data performed better in March, supporting the Federal Reserve to accelerate the pace of hawkish interest rate hikes, the dollar index rose, and copper prices came under pressure
.
Stimulated by the news on Friday, energy prices recovered after falling and copper prices were also affected by fluctuations
.

The domestic epidemic is serious, supply and demand are weak, and the suppression of copper prices is still continuing
.
Against the backdrop of high inflation and stable domestic growth, copper prices will remain high
.
In the short term, copper prices will remain high and weak, with a range of 72500-74000
.
Pay attention to the improvement time of the epidemic
.

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