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    Home > Chemicals Industry > New Chemical Materials > July 31 Shanghai copper afternoon review

    July 31 Shanghai copper afternoon review

    • Last Update: 2022-12-11
    • Source: Internet
    • Author: User
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    Overnight, the main force of Shanghai copper opened at 49,730 yuan / ton, the high point was 49,910 yuan / ton, closed at 49,720 yuan / ton, down 220 yuan / ton, and the Shanghai index warehouse fell 9,184 to close at 578,000 lots
    .

    Shanghai copper

    Affected by weak investment and Sino-US trade disputes, external demand weakened, the market expects China's official manufacturing PMI and Caixin manufacturing PMI data for July to weaken, this morning the Bureau of Statistics released data showing that the manufacturing data was less than market expectations, copper prices were under pressure, Shanghai copper or weak shock within the day, spot copper prices fell
    slightly.

    Recently, the doubts about the trade war and the uncertainty of macro policies have caused the price of risk assets such as non-ferrous metals to shake sharply, and market expectations are not yet clear
    .
    In addition, a few days ago, the global copper mine strike wave of worries again, Chuquicamata copper miners have begun to strike, macro outlook worries and short-term improvement of supply and demand long and short intertwined, or promote copper prices up and down dilemma, short-term presents a roller coaster wide range of shocks, this week focus on the interest rate decisions
    of the United States, the United Kingdom, Japan and other countries.

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