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Copper market midday comment: overnight London copper further correction, closing down 1.
32%; Domestic copper concentrate processing fees continue to rise, the market supply is sufficient, short-term merchants wait-and-see sentiment is strong, Shanghai copper consolidation, it is expected that copper will fall
slightly today.
Xinhua News Agency issued an article saying that China's capital market will remain stable, and market sentiment has improved
significantly.
The Fed left interest rates unchanged and did not specify when to taper its asset purchase program, taking a more dovish
approach.
Passenger Association: Overall auto sales in the first to third weeks of July fell 2%
year-on-year.
The dollar fell sharply overnight, the yuan rose sharply, and non-ferrous metals were mostly volatile
in overnight.
Labor negotiations in Chilean copper mines basically reached an agreement
.
Overnight, the copper high fell sharply to close the bardo, opening slightly higher at $
9686 today.
Shanghai copper opened low and fell overnight, closing near the 5/60-day moving average at 71320
.
Shanghai copper trading positions fell slightly, and market sentiment was biased towards
neutrality.
The macro situation is uncertain, and the Shanghai copper short-term may fluctuate
around 72000.
Shanghai copper upper pressure 75000, lower support 68000
.
Today's international copper premium fell slightly to 638 points, still at a high level, and the external market sentiment was strong
.
