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    Home > Chemicals Industry > New Chemical Materials > Intramarket metals rose and Shanghai copper closed slightly higher

    Intramarket metals rose and Shanghai copper closed slightly higher

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    Today's internal metals rose, and Shanghai copper closed up 1.
    09%.

    As of 15:30 Beijing time, the outer metal rose, and Lun copper reversed its decline and flew green, fluctuating slightly, down slightly by 0.
    02%.

    Shanghai copper

    On the macro front, the United States released CPI data for March, and the inflation rate increased by more than 8% year-on-year, hitting a new high in more than 40 years, coupled with the sharp rise in crude oil prices, which was good for copper prices
    .

    In terms of the market, as of April 13, Yangtze River spot 1# electrolytic copper 74610-74650 yuan / ton, the average price was 74630 yuan / ton, up 710 yuan from the previous trading day, 260-300 liters
    .
    The spot market in Shanghai still maintains a cold atmosphere, maintaining a state of priceless market, and most customers go south to Guangdong for procurement
    .

    On the supply and demand side, some domestic smelters maintained a state of shutdown and maintenance, and production fell year-on-year and month-on-month in March, and the supply side still maintained loose expectations, and production is expected to pick up
    in April.
    The epidemic continues to be severe, making industrial metal enterprises passive, poor transportation, difficult shipments, and backlog of inventory, with the total weekly inventory of 96,581 tons in the week of April 8, up 3,460 tons
    .

    Overall, the market is still greatly affected by the epidemic, and the pattern of weak supply and demand is gradually emerging, but high inflation is good for copper prices, and it is expected that the short-term copper market will still be dominated by
    shocks.

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