 Home > Chemicals Industry > New Chemical Materials > July 18 Shanghai copper afternoon review

July 18 Shanghai copper afternoon review

 Last Update: 2022-12-16
 Source: Internet
 Author: User

Tags

serotonin level test

oil market today

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

Last night, the overall internal and external trading showed a low opening and high trend, the bears of the main contract of Shanghai copper took the initiative to reduce their positions, and the copper price performance once again rushed up to test the 47000 mark, but failed to break through
smoothly.
In the evening, mainly due to poor US real estate data, the dollar fell slightly, and copper prices were able to rebound
.

Shanghai copper

Although last night's weaker-than-expected U.
S.
economic data stimulated the market to strengthen expectations for interest rate cuts, the economic Beige Book released yesterday also showed that the U.
S.
economy continued to maintain moderate growth, so there is still greater uncertainty about interest rate cuts, and the market still has a preference for safe-haven assets.

At present, the center of gravity of Shanghai copper has shifted to the Bollinger middle rail, and it is wary of the high level of the KDJ indicator to form a bearish dead cross
.

The slight recovery in spot prices today will aggravate the fear of heights, and market activity is expected to decline, but the sentiment of holders to maintain price support
.
It is expected that today's Shanghai copper 46400-46900 yuan / ton, spot premium 30-liter 90 yuan / ton
.

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

Slip Agent Oleamide with 98% purity CAS 301-02-0 oleamid slip aging

CAS No.: 301-02-0

Pharmacy Grade

$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

Fluorescent Brightener ER-1 C.I. 199

CAS No.: 13001-40-6

Industrial Grade

$52.86/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)

80 20 company(94)

united states logo(227)

ups united states(221)

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.