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    Home > Chemicals Industry > New Chemical Materials > July 12 London Copper Afternoon Review

    July 12 London Copper Afternoon Review

    • Last Update: 2022-12-11
    • Source: Internet
    • Author: User
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    Overnight, London copper continued to be shrouded in the shadow of the trade war, and the performance of Europe and the United States was still daunting, with an intraday low of $6082 / ton, closing at $6135 / ton, down $210 / ton
    .

    London copper

    In terms of news, Trump continued to be strong, the global trade war pressure is extremely high, and non-ferrous metals fell
    sharply across the board yesterday.
    Today, ZTE reached an agreement with the US Department of Commerce, but the United States and China have still not started negotiations, and the market remains cautious
    .
    Overnight, U.
    S.
    industrial and sales data exceeded expectations, the dollar soared, and the yuan fell
    sharply again.
    Under the pressure of the rising US dollar and the trade war, non-ferrous metals are still weak in the night session, but supported by the depreciation of the RMB, the internal market is significantly stronger than the external market
    .

    In general, the future trend is greatly affected by the periphery, and entering the traditional off-season, the medium-term copper price is not optimistic, and the target price is temporarily 5700 US dollars
    for Lun copper.
    After releasing part of the short-term risk, there is a high probability that a box shock
    will be built.

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