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June 17 copper market morning review

 Last Update: 2022-12-25
 Source: Internet
 Author: User

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Copper market morning comment: Copper prices fell sharply yesterday, and prices fell sharply at night, with the lowest test of 69150 yuan / ton, digesting the Fed's interest rate meeting is still the main pressure
.

Copper City

On the macro front, the day after the Fed's interest rate hike, the non-ferrous market walked out of a different rhythm from gold, and the market was worried that the steep path of interest rate hikes would quickly affect the pace of economic recovery in the United States.

At present, concentrate supply is generally performing well and demand is performing moderately
.
LME inventories decreased yesterday and generally continued their downward trend
.
Copper prices may be weak in the short term, and will still be supported
by new energy demand in the long term.
It is recommended to pay attention to the domestic epidemic, spot demand, copper downstream starts, inventory and other conditions
.

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