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    Home > Chemicals Industry > New Chemical Materials > July 13 Copper Market Brief Review

    July 13 Copper Market Brief Review

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
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    Today's Shanghai copper main force opened at 52340 yuan / ton in the morning, after the opening copper price around 52640 yuan / ton sideways, then the bulls continued to increase positions to drive copper prices up, climbing the intraday high of 53510 yuan / ton, at this time the bulls took profits, the plate briefly fell to around 52810 yuan / ton, and then rebounded upward to close at 53240 yuan / ton
    before noon.
    The opening copper price in the afternoon showed a sideways consolidation, and the center of gravity stabilized at 53180 yuan / ton
    .
    Near the close, some bulls fell into the bag, copper prices fell slightly, and finally closed at 52880 yuan / ton, up 2380 yuan, or 4.
    71%.

    Shanghai copper is still performing strongly today, mainly due to the continued macroeconomic easing coupled with favorable fundamentals, China's social financing scale in June far exceeded the previous value and forecast, and remained at a high level overall, and the continued monetary easing provided positive factors for the expected improvement of the capital market; The China Association of Automobile Manufacturers released automobile production and sales data for June, up 22.
    5% and 11.
    6% year-on-year, refreshing the record high of production and sales in June, indicating that the terminal manufacturing industry continues to pick up, and macro optimism is positive for copper prices
    .

    Fundamentals, Chile's copper mine again news, Chile's Antofagasta Minerals Zaldivar copper miners will say the copper miner voted to hold a strike after rejecting the salary agreement
    .
    As soon as this news came out, the market's concerns about the supply tension caused by the Chilean copper mine strike fermented again, and the supply side continued to be tight, supporting the high operation of copper prices
    .
    Today's Shanghai copper closed in the sun, MACD red column has grown, and the lower jump is far away from multiple moving averages, volume increase price rise bulls are still gathering, technical bullish copper prices
    .
    Wait for external guidance in the evening to test whether bulls can continue to exert strength and support copper prices to continue to rush
    up.

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