-
Categories
-
Pharmaceutical Intermediates
-
Active Pharmaceutical Ingredients
-
Food Additives
- Industrial Coatings
- Agrochemicals
- Dyes and Pigments
- Surfactant
- Flavors and Fragrances
- Chemical Reagents
- Catalyst and Auxiliary
- Natural Products
- Inorganic Chemistry
-
Organic Chemistry
-
Biochemical Engineering
- Analytical Chemistry
-
Cosmetic Ingredient
- Water Treatment Chemical
-
Pharmaceutical Intermediates
Promotion
ECHEMI Mall
Wholesale
Weekly Price
Exhibition
News
-
Trade Service
Copper market afternoon commentary: the dollar fell to boost, overnight London copper closed up 2.
64% to hit a nearly three-month high; The transition to a green economy and electrification have boosted copper demand, and the world is facing a shortage of copper supply, which is expected to continue to rise
today.
In December, China's M2 rose 9% year-on-year versus 8.
6% expected vs.
8.
5%
in the previous month.
The US CPI in December was 7% year-on-year, 7% expected, and 6.
8% in the previous month, the fastest increase since June 1982
.
Eurozone industrial output recorded 2.
3% m/m in November, the highest
since November 2020.
China's monetary easing in December exceeded expectations, the US price index exceeded expectations, the Federal Reserve re-emphasized that it would raise interest rates while protecting the economy and employment, inflation expectations stimulated, the dollar tumbled, and the market soared
.
Overnight, London copper rose sharply to close in Changyang, and U.
S.
copper opened
slightly lower today.
Shanghai copper opened higher and rose to close in Zhongyang at 72460
overnight.
Shanghai copper trading rose and positions fell slightly, market sentiment is biased towards neutrality, and may open
lower with the external market today.
Inflationary pressures have stimulated the market in the short term, but the market reaction is not enthusiastic, and it is not suitable to chase higher
for the time being.
Shanghai copper upper pressure 73500, lower support 69000
.
Today's international copper rose sharply to 741 points compared with Shanghai copper, and the external trend was significantly stronger than the internal market
.
