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    Home > Chemicals Industry > New Chemical Materials > December 24 copper market morning review

    December 24 copper market morning review

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Copper market morning comment: supply interference weakened market disturbance, overnight external non-ferrous ups and downs, London copper closed at 9639, down 0.
    03%; Insufficient positive support, copper prices may be difficult to continue to rise during the day
    .
    The non-ferrous metals sector rose broadly on Thursday, with the main Shanghai copper futures contract rising nearly 1% to 70,180 yuan a tonne
    .
    Due to the large increase in futures prices, the basis continued to be below 200 yuan per ton, and spot trading remained stable
    .

    Copper City

    From a macro perspective, tightening monetary policy remains the main theme, and the market is gradually digesting the Fed's accelerated debt reduction and three possible interest rate
    hikes in 2022.
    The dollar index fluctuates
    sharply as a result of this.

    Copper prices have been strong recently
    .
    The supply of non-ferrous metals has been affected by the energy problems in Europe, and the prices of the non-ferrous metals sector have strengthened
    overall.
    Previously, high inflation in the United States put pressure on copper prices, but supply disturbances intensified, internal and external copper market inventories are at a low level, demand expectations are positive, fundamentals still have strong support, short-term copper prices will continue to fluctuate
    .
    The pattern of medium-term shocks has not changed
    .

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