 Home > Chemicals Industry > New Chemical Materials > January 8 Copper Market Afternoon Review

January 8 Copper Market Afternoon Review

 Last Update: 2022-12-20
 Source: Internet
 Author: User

Tags

melt copper pennies

high copper levels blood

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

Copper market afternoon comment: U.
S.
infrastructure construction spending expectations are optimistic, overnight London copper closed up $99 to an eight-year high, concentrate supply may remain tight, global inventories are at historic lows, copper is rising
today.

Copper City

US ISM non-manufacturing index for December 57.
2 vs 54.
5 expected vs 55.
9
prior.
U.
S.
jobless claims for the week ended Jan.
2 were 78.
7 prior, 80 expected, and 78.
7
were announced.
The US presidential election is officially over, Trump promised a smooth transfer of power on the 20th, and macro uncertainty has subsided
significantly.
Overnight, U.
S.
economic and employment data exceeded expectations, markets expected more stimulus packages from the new president, and non-ferrous metals rose
across the board.

Overnight, London copper rose sharply to close at a new high of $8182, and U.
S.
copper opened
flat today.
Shanghai copper opened low overnight, rose sharply after stepping back to the 5-day moving average, closed Changyang hit a new high of 60,000 points, closed at 60130.
Shanghai copper trading positions are rising, market sentiment is optimistic
.
Yesterday's RMB fell sharply, Shanghai copper is stronger than London copper, the overall technical form is better, the medium term is still expected to continue to rise, the upper pressure is 62000, the lower support 58500
.
Today's international copper premium shrank to 382 yuan
compared with Shanghai copper.

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

Related Products

9,10-Diphenylanthrac

CAS No.: 1499-10-1

$1-1.2/MT FOB

High Quality Polar Solvent 99.99% Ethylene carbonate/Ethylencarbonat/ EC CAS 96-49-1

CAS No.: 96-49-1

Pharmacy Grade

$1-1.2/MT FOB

High quality Fluorescent Brightener CBS-X 98% TOP1 supplier in China

CAS No.: 27344-41-8

Industrial Grade

$3/KG EXW

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

announcements today(81)

ups united states(221)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.