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    Home > Chemicals Industry > New Chemical Materials > Brief review of Shanghai copper on March 3

    Brief review of Shanghai copper on March 3

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    Today's main price of Shanghai copper opened high and low and oscillated
    upward.
    At the end of the day, the main 2204 contract of Shanghai copper closed at 73010, up 1520, or 2.
    13%.

    Shanghai copper

    The conflict between Russia and Ukraine is still unclear, there is still a trend of continuous escalation, and the crude oil futures of the previous period rose again, driving copper prices to continue to strengthen
    .
    It is expected that the pace of interest rate hikes by the Federal Reserve will slow down, the employment data in February will be better, the overall economy will return to normal, and the copper inventories of the three major exchanges are currently at an absolute low, forming a strong support
    for copper prices.

    Although domestic demand is still weak, March has arrived, the pace of resumption of work and production has accelerated, and the overall expectation is strong
    .
    Copper prices are expected to remain volatile
    at high levels.
    Technically, support is at 72000
    .
    At present, spot and scrap copper prices continue to rise, and merchants can maintain an active shipment strategy and stay safe; The demand side prepares the goods
    on demand.

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