echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Cable raw materials (copper) weekly report (8.22-8.26)

    Cable raw materials (copper) weekly report (8.22-8.26)

    • Last Update: 2022-12-03
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    First, macroeconomics

    First, macroeconomics

    Domestically, China has no major news announced
    this week.
    On Saturday, the year-on-year profit of industrial enterprises above designated size was released in July, further hinting at the current economic trend
    in China.
    Based on the previously released economic data, the domestic economy is still weak, the market sentiment is pessimistic, and the market must be worried about the consumer demand of China's copper market and exert downward pressure
    on copper prices.

    Abroad, new home sales in the United States were better than expected in July, increasing by 12.
    4% month-on-month, far exceeding expectations of a 2% decline; The annualized number of existing home sales in July was slightly weaker-than-expected, with low inventories as the main reason, but further increases in home prices indicate that the US housing market remains solid
    .
    Economic data released this week are all preparing for the Fed's year-end rate hike, which is less likely to be in September
    .
    At present, the sentiment of both bulls and bears is cautious, and the narrowing of dollar volatility will still affect the trend
    of copper futures.

    123456Next View full article
    123456Next View full article
    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.