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    Home > Chemicals Industry > New Chemical Materials > Cable raw materials (copper) weekly report (7.4-7.8)

    Cable raw materials (copper) weekly report (7.4-7.8)

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
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    First, macroeconomics

    First, macroeconomics

    In China, although the Caixin services PMI recorded the largest growth rate since November in June, the Caixin composite PMI fell
    from the previous value.
    The polarization between manufacturing and services is not good news for copper prices
    .
    As the manufacturing industry is the most important downstream of consumption in the copper market, the deterioration of data is difficult to offset
    by the improvement of the service industry.
    Therefore, from the current situation, the demand in the Chinese market cannot give strong support
    to copper prices.

    Abroad, global financial markets are closely watching the progress of
    Brexit.
    Brexit is tantamount to making things worse for the global economy, and in order to cope with global economic growth risks and uncertainties, it is expected that major countries in the world will start a new round of monetary easing again
    .
    The IMF has also publicly called on central banks around the world to be prepared to act to increase liquidity and avoid wild fluctuations
    in the global economy.

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