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    Home > Chemicals Industry > New Chemical Materials > February 9 Copper Market Afternoon Review

    February 9 Copper Market Afternoon Review

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    Copper market noon comment: rising oil prices drove the commodity market, overnight London copper continued to rise to close up $91, the global economy is in a state of recovery, inventories are low and post-holiday consumption can be expected, copper is rising
    today.

    Copper City

    US Treasury Secretary Yellen: If Congress passes the economic stimulus package proposed by President Biden, the employment situation of Americans can be fully restored
    next year.
    Eurozone Sentix investor confidence for February posted -0.
    2, 1.
    3 prior, 1.
    9
    expected.
    Passenger car retail sales in January were 2.
    18 million units, up 25.
    6% y/y and down 6%
    m/m from December.
    Overnight markets continued to be supported by the $1.
    9 trillion stimulus package in the United States, with the dollar falling and the renminbi rising, and most non-ferrous metals soaring
    .

    On Friday, London copper opened high and rose to close at $8073.
    5, and U.
    S.
    copper opened
    slightly lower today.
    Shanghai copper continued to rise overnight, closing in Zhongyang for the fourth consecutive day at 59240
    .
    Shanghai copper trading declined, positions were stable, pre-holiday market trading was inactive, and short-term copper prices continued to rebound
    .
    Shanghai copper pressure above 60000, below support 60-day moving average 57000
    .
    Today's international copper premium slightly shrank to 401 yuan compared with Shanghai copper, and the external sentiment was stronger
    .

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