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    Home > Chemicals Industry > New Chemical Materials > December 17 copper market morning review

    December 17 copper market morning review

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Copper market morning comment: London copper rebounded sharply yesterday, the main contract of Shanghai copper closed higher overnight, LME copper stocks increased by 825 tons to 89475 tons, and the copper in the previous period increased by 425 tons to 10006 tons
    .
    Fed meeting boots landed, lower edge support is effective, focus on the strength of the rebound and spot market conditions
    .

    Copper City

    On the macro front, the Fed's interest rate meeting accelerated debt reduction, the European Central Bank announced that the emergency anti-epidemic bond purchase plan will last at least until March 2022, and the Bank of England unexpectedly raised the benchmark interest rate and the dollar retreated; The Politburo meeting and the economic work conference emphasized that stability is the first priority, and the intensity of cross-cycle policies can be expected
    .

    On the supply side, the recovery of TC will slow down, the power limit disturbance will be eliminated, and the production of refined copper will recover
    .
    On the demand side, domestic inventories have increased, premiums have increased slightly, refined waste price spreads are low, and consumption is still resilient
    .
    Overseas inventories increased, and spot premiums remained positive
    .

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