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December 25 copper market morning review

 Last Update: 2022-12-14
 Source: Internet
 Author: User

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Copper market review: Shanghai copper showed a weak shock trend, the main contract closed at 48100 points, down 0.
52%.

On the plate, the moving average moved down to suppress copper prices to fall slightly, and the pressure level above 48,500 was strong
.
The U.
S.
economic data released on Friday performed better, good for the dollar to stop falling and rebound, copper price rebound weakened, in the short-term positive is difficult to effectively cash in, it is expected that copper prices will remain low in the near future, holders wait and see, downstream just demand
.

Copper City

At the macro level, after being deliberated and approved by the Tariff Commission of the State Council and approved by the State Council for approval, the import and export tariffs
of some commodities will be adjusted from January 1, 2019.

Industry news, Santiago on December 20, sources said that Chile's state-owned copper company (Codelco) has agreed to sell 50,000 to 100,000 tons of copper
to France's Nexans, China's Minmetals Longteng Technology and the United States' Southwire in 2019-2021.

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