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December 9 copper market noon review

 Last Update: 2022-12-23
 Source: Internet
 Author: User

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Copper market noon comment: oil prices continued to rise for three days, and copper closed up $102 overnight; Although the central bank has recently lowered the RRR to benefit copper prices, the decline in domestic spot premiums and the decline in market speculative demand are expected to limit the rise and fall of copper today
.

Copper City

National Development and Reform Commission: Promote the upgrading of rural residents' consumption, implement subsidies for furniture and home improvement in the countryside and a new round of cars to the countryside
.
The United States has a bipartisan plan to raise the debt ceiling by about $2 trillion
.
Pfizer says its third shot of the vaccine is effective in preventing Omicron
.
US President Joe Biden plans to continue to expand the fiscal deficit, the dollar fell sharply overnight, and non-ferrous metals rose
across the board.

Overnight, London copper bottomed out and turned up more than 1%, and U.
S.
copper opened
slightly lower today.
Shanghai copper opened low and rose to close in Zhongyang at 69850
overnight.
Shanghai copper trading positions are declining, and market sentiment is biased towards
neutrality.
The copper price rebound is insufficient, and there is consumer-side support below, which may continue the range-bound market in the medium term
.
Shanghai copper upper pressure 75000, lower support 67000
.
Today's international copper premium compared with Shanghai copper rose sharply to 612 points, and the sharp fall of the US dollar caused the external market to be stronger than the internal market
.

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