echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Copper price volatility operation Weak downstream demand dragged down market performance

    Copper price volatility operation Weak downstream demand dragged down market performance

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Overnight copper prices fluctuated, and the main 2207 contract closed at 71200 yuan / ton, down 0.
    46%.

    U.
    S.
    stocks closed higher
    after the release of the minutes of the Fed meeting released overnight, showing that most officials supported a 50 basis point rate hike in the next few times, and the content of the minutes did not exceed market expectations.

    Copper prices

    In terms of news, the premier and the State Council held a national video and telephone conference on stabilizing the economic market, the premier stressed that it is necessary to solidly promote the implementation of various policies to stabilize the economy, market sentiment has been boosted, and in the context of greater downward pressure on the domestic economy, more stimulus policies may be introduced in the follow-up to support the economy
    .
    The epidemic situation in Shanghai will gradually be lifted, and copper downstream consumption will gradually recover
    .

    Shanghai copper opened low today, and the latest opening price of the Shanghai copper 2207 contract was 71350 yuan / ton, down 80 yuan
    .
    Domestic upstream copper mine supply recovery is good, smelter raw material supply is basically sufficient, smelters driven by high profits basically maintain full production, superimposed on the logistics obstacles caused by the epidemic still exist, downstream demand is still weak dragging down market performance, copper is expected to fall
    slightly.

    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.