 Home > Chemicals Industry > New Chemical Materials > February 19 copper market noon review

February 19 copper market noon review

 Last Update: 2022-12-21
 Source: Internet
 Author: User

Tags

short

2 year programs

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

Copper market morning comment: China's economic activities gradually unfolded expectations are optimistic, overnight London copper closed up more than 2% to a more than nine-year high, clean energy development will drive demand growth, copper mine supply remains tight, copper is now up
today.

Copper City

Fed: Very low interest rates and asset purchases will be important conditions
to help the U.
S.
economy and labor market recover for the foreseeable future.
U.
S.
jobless claims for the week ended February 13 (million) posted 86.
1, 79.
3 in the previous month and 76.
5
expected.
The US Philadelphia Fed manufacturing index for February was 23.
1, 26.
5 prior, 20
expected.
Overnight, U.
S.
employment data fell sharply short of expectations, the Federal Reserve reiterated that it would maintain its existing sharply accommodative monetary policy, the dollar tumbled, and non-ferrous metals continued to be
strong.

Overnight, copper opened high and rose sharply to close Changyang at a new high, closing at $8606, and U.
S.
copper opened
slightly lower today.
After the daily rise of Shanghai copper, it fell back to close at 53230 after a new high in the night session, closing at 53230.
Shanghai copper trading positions are rising, short-term macro fundamentals support, market sentiment is better, copper prices may continue to be strong
.
Shanghai copper upper pressure 65000, lower support 60000
.
Today's international copper premium compared with Shanghai copper is 423 points, continuing to be high, and the external market sentiment is stronger
.

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

Related Products

Slip Agent Oleamide with 98% purity CAS 301-02-0 oleamid slip aging

CAS No.: 301-02-0

Pharmacy Grade

$1-1.2/MT FOB

High Quality Polar Solvent 99.99% Ethylene carbonate/Ethylencarbonat/ EC CAS 96-49-1

CAS No.: 96-49-1

Pharmacy Grade

$1-1.2/MT FOB

Fluorescent Brightener ER-1 C.I. 199

CAS No.: 13001-40-6

Industrial Grade

$52.86/KG EXW

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

announcements today(81)

80 20 company(94)

united states logo(227)

ups united states(221)

healthy food name(42)

Hot Articles

The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.