echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > February 26 copper market noon review

    February 26 copper market noon review

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Copper market afternoon commentary: European and American stock markets fell across the board and the dollar rebounded to put pressure, overnight London copper high fell back to close down 1.
    5%, high prices inhibited downstream consumption, terminal home appliance industry affected, copper fell today
    .

    Copper City

    US Q4 real GDP annualized 4.
    1% q/q, prior: 4%, forecast: 4.
    2%.

    U.
    S.
    jobless claims for the week were 73 million (million), prior: 86.
    1, forecast: 83.
    8
    .
    U.
    S.
    durable goods orders for January were 3.
    4% m/m vs 0.
    5% prior, and 1.
    1%
    expected.
    Eurozone January three-month money supply M3 y/y 12% vs 11.
    3%
    prior.
    Employment in the United States has greatly exceeded expectations, the dollar rose sharply overnight, the yuan and the euro fell sharply, and non-ferrous metals fell
    under pressure.

    Overnight, London copper once rose to a new high of $9617 before retreating to close at $9355, and U.
    S.
    copper opened
    slightly lower today.
    After the Shanghai copper rose sharply yesterday, the night session opened low and fell to close the shade, closing at 69360.
    Shanghai copper trading positions are down, the short-term rise is too large after the market is cautious, may face adjustment, the adjustment is still expected to rise
    .
    Shanghai copper upper pressure 74000, lower support 65000
    .
    Today's international copper premium shrank to 542 points compared with Shanghai copper, and the rise of the US dollar had a greater impact
    on external sentiment.

    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.

    Contact Us

    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.