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February 5 copper market morning review

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

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Copper market morning comment: the last trading day Shanghai copper main Cu2103 volatility is strong, the lowest is 57230, the highest is 57950, closed at 57820, closed up 1.
44%, narrow fluctuations
overnight.
Outer trading London copper also showed a correction trend, closing at 7814.
5, closing down 0.
43%.

Copper City

Biden's stimulus package has made progress, market expectations have improved, market confidence in economic recovery has increased, expectations of tighter domestic liquidity have also improved, and the macro atmosphere has improved
.
At the industrial end, as the Spring Festival holiday approaches, the downstream gradually enters the Spring Festival holiday mode, which further puts pressure on copper prices
.

The domestic economy is relatively good, electrolytic copper spot stocks continue to decline, South America also due to the epidemic copper mine supply impact, supply is still tight expectations, and the growth of the new energy industry is expected to increase copper demand, copper overall trend unchanged, but in the short term market activity reduction makes copper prices under pressure, before the holiday or still dominated by
shocks.

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