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    Home > Chemicals Industry > New Chemical Materials > December 8 copper market noon review

    December 8 copper market noon review

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
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    Copper market afternoon commentary: investors took profits, overnight London copper high fell back to close down $38, Chilean mines basically maintained production during the epidemic, China's November copper imports decreased month-on-month, and copper materials fell
    today.

    Copper City

    In the first 11 months of this year, the cumulative imports of unwrought copper and copper products increased by 38.
    7%
    year-on-year.
    Overnight, London copper hit a new high and then fell back to close in the small negative, closing above the 5-day moving average of $7720, and U.
    S.
    copper opened
    lower today.
    Shanghai copper opened low and closed high at night, rose slightly to stand on the 5-day moving average, closed at 57160, Shanghai copper trading positions were down, the market wait-and-see sentiment rose
    .
    Shanghai copper has entered a correction in the short term, but the market sentiment is still strong, and it is likely to rise again in the medium term
    .
    Shanghai copper upper pressure 58000, lower support 55000
    .
    Today's international copper premium expanded to 481 points
    compared with Shanghai copper.

    In terms of news, foreign exchange reserves in November were $3,178.
    5 billion, an increase of $50.
    5 billion from the previous month.

    Japan's third-quarter GDP grew 5.
    3% month-on-month versus an estimate of 5.
    0%.

    It is difficult to reach a new Brexit agreement, the US fiscal stimulus policy is slow, the dollar rises overnight, the euro falls, the non-ferrous metal copper and aluminum fall, and lead and zinc rise
    .

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