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    Home > Chemicals Industry > New Chemical Materials > December 31 copper market noon review

    December 31 copper market noon review

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Copper market afternoon commentary: the dollar rose, overnight London copper under pressure to close down $62; It is expected that the global copper market may be surplus next year, but the current domestic copper inventory continues to be low, and the market is weak on the last trading day before the holiday.

    Copper City

    State-owned Assets Supervision and Administration Commission: Central enterprises should comprehensively promote the large-scale and high-quality development of
    wind power and solar power generation.
    U.
    S.
    initial jobless claims for the week of Dec.
    25 were 198,000 versus 206,000 expected and 205,000
    previously.
    The US Chicago PMI rose to 63.
    1 in December, recovering again after falling last month
    .
    U.
    S.
    employment exceeded expectations, Biden made optimistic remarks, the Fed needed to tighten monetary policy, the dollar rose overnight, the trend of external metals was weaker, and internal non-ferrous metals rose
    across the board.

    Overnight, London copper rushed back down and turned lower to close at $9613, and U.
    S.
    copper opened
    slightly higher today.
    Shanghai copper opened higher and closed at 70340
    in the night session.
    Shanghai copper trading positions are declining, and market sentiment is biased towards wait-and-see
    .
    The pre-holiday market is not actively trading, and copper prices may continue to be range-bound in the medium term
    .
    Shanghai copper upper pressure 71500, lower support 67000
    .
    Today's international copper premium fell slightly to 555 points compared with Shanghai copper, and the external trend was stronger than the internal market
    .

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