echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > December 18 copper market morning review

    December 18 copper market morning review

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Copper markets moved higher again overnight, with the Fed saying easing would continue until employment and inflation reached target, and markets continued to be encouraged
    by the U.
    S.
    $900 billion bailout package expected by the weekend.

    Copper City

    On the macro front, expectations of a new round of fiscal stimulus in the United States have risen, the Federal Reserve has kept monetary policy and bond purchases unchanged, the dollar index has fallen below the 90 mark, China's economic data has performed strongly, and copper prices have remained high
    .

    On the industrial side, the Centinella copper miners in Antofagasta will reach a wage agreement and the risk of a strike will be lifted
    .
    Freeport and four smelters in China finalized a copper concentrate long order TC of US$59.
    5/dry tonne in 2021, a new ten-year low
    .
    The year-end impulse of Chinese smelters shows obvious signs, but the willingness to ship is not strong, and inventories are still at a low level
    .
    At present, the overall macro is more, the economy continues to improve, and copper prices may be
    dominated by strong shocks.

    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.