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    Home > Chemicals Industry > New Chemical Materials > February 16 copper market afternoon review

    February 16 copper market afternoon review

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    Copper market afternoon commentary: the recovery of market risk appetite drove European and American stock markets to rise, and copper closed up 1.
    25% overnight; Peru reopened the blockade, domestic copper smelter production declined, supply and demand are now weak, copper is expected to rise
    slightly today.

    Copper City

    National Assembly: Accelerate the construction of new infrastructure and expand effective investment
    .
    The US PPI recorded a monthly rate of 1% in January, the highest since
    July last year.
    Eurozone Q4 GDP grew 0.
    3% month-on-month; Expected at 0.
    3%.

    People's Government of Guangdong Province: high-standard construction of Guangzhou Futures Exchange
    .
    Yesterday, Russia partially withdrew its troops, market tension eased sharply, the dollar fell sharply, non-ferrous metals diverged, copper rose, aluminum zinc fell
    .

    Overnight, copper opened higher and rose 1.
    25% to close at $9,974, and U.
    S.
    copper opened
    slightly lower today.
    Shanghai copper opened higher overnight, oscillating to close the doji, closing at 71410
    .
    Shanghai copper trading declined, positions were stable, and market sentiment was biased towards wait-and-see
    .
    Domestic spot demand is general, macro fundamentals are basically neutral, and copper prices may return to the medium-term range-bound market
    .
    Shanghai copper upper pressure 73000, lower support 70000
    .
    International copper premium dropped sharply to 453 points compared with Shanghai copper, and the internal and external trading trend returned to normal
    .

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