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    Home > Chemicals Industry > New Chemical Materials > January 26 Copper Market Afternoon Review

    January 26 Copper Market Afternoon Review

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
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    Copper market afternoon comment: in the first half of the year, copper concentrate supply increment is limited, overnight London copper shock closed up $20, new energy vehicles and other related industries development can be expected, the current low inventory support still exists, today copper material rose
    slightly.

    Copper City

    Macro news, the number of initial jobless claims in the United States that week: 900,000, expected 91, the previous value was 96.
    5, an improvement from the previous month, but still at a high level
    .
    Eurozone consumer confidence -15.
    5 for January vs -13.
    9 prior; -15
    expected.
    U.
    S.
    employment data fell short of expectations, the market was full of expectations for new stimulus policies, the dollar continued to fall sharply, and non-ferrous metals fell
    back overnight.

    Overnight, London copper retreated slightly to close lower at $8,034, and U.
    S.
    copper opened
    slightly higher today.
    Shanghai copper opened flat overnight, rushed higher and fell back to close the mid-shade, closing near the 5-day moving average at 59060
    .
    Shanghai copper trading stable position decline, high market sentiment began to tend to be cautious, short-term Shanghai copper at 58000 stabilized and rebounded, there is support below, but the economic outlook is uncertain, the overall copper price in January may continue to fluctuate, February before the Spring Festival may appear market
    .
    Shanghai copper upper pressure 60000, lower support 58000
    .
    Today's international copper premium to Shanghai copper continued to expand sharply to 480 yuan, and the external market has high hopes
    for the new US president.

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