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    Home > Chemicals Industry > New Chemical Materials > It is difficult to find the trend before the copper festival Pay attention to the changes in the increase or decrease of inventories in the previous period

    It is difficult to find the trend before the copper festival Pay attention to the changes in the increase or decrease of inventories in the previous period

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
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    On Wednesday, the Shanghai copper high volatility was dominant, the overall amplitude was further narrowed, it was difficult to find a trend before the holiday, and the main 2008 contract of Shanghai copper closed at 47860 in the morning, up 220, or 0.
    46%.

    The continuous outflow of inventories in the previous period, combined with the continuous increase in domestic electrolytic copper and copper production capacity, the mismatch between supply and demand supported copper prices, while on the other hand, Europe has resumed work one after another, and the sharp recovery of French manufacturing PMI data has promoted market confidence
    .

    Copper period

    Macro news, the National Development and Reform Commission and the Ministry of Commerce released the 2020 version of the negative list
    for foreign investment access.
    In accordance with the principle of only reducing but not increasing, this revision further reduces the negative list
    for foreign investment access.
    Among them, the negative list for foreign investment access nationwide was reduced from 40 to 33, and the negative list for foreign investment access in pilot free trade zones was reduced from 37 to 30
    .

    Pre-holiday fluctuations have not yet been reflected, the overall trend status of Shanghai copper is more difficult to determine, but in the case of narrowing amplitude after the holiday or there is a dominant trend, you can pay attention to the increase and decrease of electrolytic copper dominant inventory in the previous period, at present, there is still a possibility of breaking through around 48,000 in the operation, in the operation of the festival, it is recommended that cargo companies maintain a fast forward and fast out strategy, inventory is mainly wait-and-see, a small amount is thrown, downstream stocking maintains rigid demand, wait-and-see
    .

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