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    Home > Chemicals Industry > New Chemical Materials > December 23 copper market noon review

    December 23 copper market noon review

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
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    Copper market noon comment: the US dollar rose sharply and oil prices fell continuously, overnight London copper continued to fall to close down $129, the uncertainty of the epidemic on the economic impact increased, domestic rush demand may weaken, copper fell today
    .

    Copper City

    In the previous trading day, copper stocks increased by 1 tonne to 27,622 tonnes, LME copper stocks decreased by 3,375 tonnes, and current stocks are at absolute
    lows.
    Minmetals' Las Bambas copper mine in Peru said it was gradually reducing production
    as local residents blocked a road in protest.

    At the macro level, Trump formally signed the federal spending and stimulus bill, after both sessions voted to approve about $900 billion in new crown epidemic relief plans
    .
    The UK variant has sparked a new wave of panic, with a four-tier lockdown
    on more areas starting on December 26.
    The three major U.
    S.
    stock indexes closed mixed, with the Nasdaq setting a new closing high and the S&P 500 falling
    for the third time.
    International oil prices fell across the board, and U.
    S.
    oil fell for two consecutive days
    .
    The dollar index rose for three consecutive days, hitting a one-week high
    .

    The early market sentiment is too optimistic, the overall rise of non-ferrous metals is not small, itself has a certain adjustment pressure, the British variant has become the fuse that triggered the market adjustment, short-term copper prices may fall
    from the high.

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