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January 24 Shanghai copper brief commentary

 Last Update: 2022-12-24
 Source: Internet
 Author: User

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Shanghai copper brief comment: Today's copper price has been down, as of 3 p.
m.
Shanghai copper main 2203 contract was reported at 70480 yuan, down 810, or 1.
14%.

Shanghai copper

The market waited for the Fed meeting, wait-and-see sentiment intensified, risk appetite was cautious, superimposed on the slowdown in the rally of surrounding metals, copper prices rushed back down repeatedly; Spot market, seasonal accumulation at home and abroad, domestic downstream gradually into the holiday, demand is light
.

Pay attention to the European and American manufacturing data, short-term copper prices still have room to fall, the main support level of Shanghai copper is 70,000, and the upstream and downstream of the operation are properly stocked after stabilizing
.

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