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    Home > Chemicals Industry > New Chemical Materials > February 1 copper market morning review

    February 1 copper market morning review

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    Copper market morning comment: Shanghai copper main Cu2103 rushed high in the last trading day, the lowest was 57410, the highest was 58460, closed at 57550, closed down 0.
    36%, and the night trading again rushed back down
    .
    The outer market was dominated by copper volatility, closing at 7813.
    5, closing down 1.
    14%.

    Copper City

    At the macro level, the U.
    S.
    stock trading market was chaotic, and the three major U.
    S.
    stock indexes closed sharply lower on Friday, and the rebound momentum of the dollar index weakened
    .
    The Biden administration of the United States will reassess the first phase of the Sino-US economic and trade agreement and pay attention to its progress
    .
    The People's Bank of China has refuted rumors that it will raise the SLF interest rate, and short-term capital tensions have eased
    .
    China's manufacturing PMI in January was 51.
    3%, down 0.
    6 percentage points from the previous month, the pace of expansion has slowed, the new orders index fell the most, while raw material inventories still maintained a recovery trend, focusing on the negative impact
    at the data level.

    At present, the copper market is tight supply and weak demand, and the financial attributes are still strong, which will be pressured in the short term by the rebound of the US dollar and the marginal tightening tendency
    of monetary policy.
    Today's Shanghai copper or shock is weak
    .

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