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July 8 Shanghai copper noon review

 Last Update: 2022-12-19
 Source: Internet
 Author: User

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Yesterday's copper price rose in overnight trading after stepping back, and the operating center continued to move up, and Shanghai copper was close to 50,000 yuan / mark
.
The recent rise in copper prices is mainly supported by the strong supply side, Chilean copper mine production uncertainty is accumulating due to epidemic factors, and the market is worried about supply under the continuation of the market
.

On the macro front, the Bank of England expects asset purchases to be £750bn by the end of the year, and the US government hopes to pass another stimulus package by the first week of August, although economic reopening has been suspended in some areas, but policy easing continues market optimism
.

In terms of spot, although the market was higher yesterday, there was less influx of imported copper, inventories were still low, and traders are expected to have a rising mood
.
It is expected that today's London copper 6150-6220 US dollars / ton, Shanghai copper 49700-50100 yuan / ton
.
It is expected that today's spot premium 20-liter 40 yuan / ton
.

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