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    Home > Chemicals Industry > New Chemical Materials > January 26 Shanghai copper brief commentary

    January 26 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 rebounded steadily, as of 3 pm Shanghai copper main 2203 contract was at 70730, up 910, or 1.
    3%.

    The US dollar's recent disturbance to copper prices has significantly strengthened, but the local epidemic and European energy problems have continuously affected the supply of non-ferrous metals, and the inventory of the internal and external copper markets is at a low level, and the shock pattern has not changed
    .

    Shanghai copper

    Concerns about interest rate hikes in the United States and the tense speculation between Russia and Ukraine have caused turmoil in the financial market, and the short-term attention to the subsequent impact of speculation to the climax has gradually ended, and U.
    S.
    stocks have entered the technical support area
    .
    Domestic steady growth is ahead, liquidity margin relaxed in the first quarter, and confidence in the phased rebound of the economy in the medium term remains unchanged
    .

    As geopolitical risks faded and financial market risk appetite rebounded, copper prices were driven to stabilize and rebound
    .
    From a technical point of view, the support below 69,500 is effective, the short-term repair rebound, the pressure level can pay attention to 71,300, it is difficult to get out of the trend market
    .

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