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    Home > Chemicals Industry > New Chemical Materials > January 18 Copper Market Brief Review

    January 18 Copper Market Brief Review

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    Brief comment on the copper market: Today's copper price is stable and volatile, as of the afternoon close Shanghai copper main 2203 contract was at 70100, down 130, or 0.
    19%.

    Copper City

    On the macro front, according to the National Bureau of Statistics, China's GDP in 2021 increased by 8.
    1% year-on-year, higher than the expected 8% and lower than the previous value of 9.
    8%.

    In 2021, the added value of industries above designated size increased by 9.
    6% over the previous year, and the average growth rate for two years was 6.
    1%.

    The total retail sales of consumer goods 440823 billion yuan, an increase of 12.
    5% over the previous year, and the average growth rate for the two years was 3.
    9%.

    Among them, retail sales of consumer goods other than automobiles 397037 billion yuan, an increase of 12.
    9%.

    Excluding price factors, the total retail sales of consumer goods in 2021 increased by 10.
    7%
    compared with the previous year.

    At present, foreign inflation data is high, and crude oil prices have climbed to the high level of the year, which relatively supports copper prices; Liquidity tightening expectations digestion, the recent negative brought by the US index is limited, copper prices as a whole return to a volatile pattern
    .
    Overseas re-accumulation, domestic will also enter the seasonal accumulation stage, supply contradictions slowed down, copper price upward pressure increased
    .

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