echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > July 6 copper market noon review

    July 6 copper market noon review

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Copper market afternoon commentary: oil prices are strong, market sentiment is optimistic, overnight London copper closed up $134; Copper concentrate processing fees continue to rise, but copper scrap imports are restricted by the Malaysian lockdown and domestic demand is stable, and copper prices are expected to rise
    today.

    Copper City

    G20 finance ministers and others will begin discussions on the full introduction of taxes
    based on CO2 emissions.
    Eurozone services PMI final reading for June was 58.
    3 vs 58 prior, 58
    expected.
    Eurozone Sendix investor confidence 29.
    8 for July, 28.
    1 prior, 30
    expected.
    Yesterday, the US holiday was closed, European service industry data exceeded expectations, and non-ferrous metals closed higher across the board
    .

    Overnight, London copper rose again to close in Zhongyang, opening slightly lower at $
    9,511 today.
    After the Shanghai copper daily rally, the night session opened slightly lower near the 20-day moving average, and the shock closed in the small sun, closing above the 5/20-day moving average at 69090
    .
    Shanghai copper trading declined, positions rose slightly, and market sentiment was more optimistic
    .
    Copper prices fluctuate in the short term, and there is strong support from the medium-term trend line around 66000 below, and the recent technical pattern has improved
    .
    Shanghai copper upper pressure 71000, lower support 66000
    .
    Today's international copper premium rose sharply to 602 points, and the external market sentiment was strong
    .

    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.

    Contact Us

    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.