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    Home > Chemicals Industry > New Chemical Materials > July 9 Copper Market Afternoon Review

    July 9 Copper Market Afternoon Review

    • Last Update: 2022-12-11
    • Source: Internet
    • Author: User
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    The impact of the trade war seems to have signs of abating, the dollar index weakened slightly to the metal has a certain boost effect, copper prices continue to rebound under technical adjustments, London copper bottomed out and rebounded close to $6400, gradually making up for the previous decline, Shanghai copper main force in the morning in the external market driven by a sharp rise, the rise is more obvious, the current copper market fundamentals gradually into the consumption off-season, scrap copper supply continued shortage of copper prices slightly supported, technical golden cross after the rise again, it is expected that copper prices in the short term may continue to rise, It is expected that Shanghai copper may be expected to regain its 50,000 mark today
    .

    Copper City

    Spot market, local inventory continues to decline, capital loosening, downstream bargain replenishment demand increases, spot premium continues to rise, into the consumption off-season, the end of the month capital tension gradually eased, market circulation sources decreased, as copper prices rebounded, the overall performance of holders slightly price reluctance to sell, downstream low stock demand slightly improved, the current low-price source is still favored, today Guangdong electrolytic copper trading premium slightly raised, supply and demand side of the transaction positive, overall trading is acceptable
    .

    Scrap copper market, the market supply is obviously in short supply, because the import source can not be replenished, the current holders slightly adjust the price of shipments to ease the financial pressure, because the refined waste price difference continues to widen again, electrolytic copper consumption has slowed down slightly, inventory overall has a continuous increase trend, because the current premium is too high, downstream shutdown and production reduction phenomenon increased, holders continue to sell, the transaction has not improved
    .

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