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December 29 copper market morning review

 Last Update: 2022-12-20
 Source: Internet
 Author: User

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Copper prices retreated
after soaring on Monday.
Trump signed a $900 billion stimulus package to give market encouragement, and on Monday Democrats approved Trump's $2,000 cash distribution plan, which will be discussed
by Republicans.

The EU-China trade agreement is officially reached and could be signed
as soon as Tuesday.
Trump officially signed the $900 billion stimulus bill
.
Biden will push for the new crown vaccine to be launched as
soon as possible.
The euro rose sharply overnight, the dollar fell, and non-ferrous metals rushed back down
.

In the copper market, the domestic year-end atmosphere is strong, and the spot discount is increased
.
Copper scrap imports in November were almost the same as last year, at 93,000 tons, halved in the first 10 months at 50,000 tons, and the refined waste ratio was 1,900 yuan, putting pressure
on copper prices.
The new year is approaching, and it is estimated that copper prices will be mainly
adjusted.

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