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June 2 copper market morning review

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

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Copper market morning comment: The strength of the dollar in overnight trading inhibits the strengthening
of copper prices.
The atmosphere of industrial products turned sad, the dollar strengthened, put pressure on copper prices, superimposed demand side has not improved, Shanghai copper shock declined
.

Copper City

From the current situation, downstream demand has gradually recovered, and logistics has improved compared with the previous period
.
Domestic measures to support consumption such as automobile going to the countryside and tax exemptions and exemptions have made the market full of expectations for the recovery of demand and demand
.
Spot concentrate processing fees are around $80 and concentrate supply is generally performing well
.

LME inventories continued to decline, with spot discounts narrowing to $
1.
Copper prices may fluctuate in the short term, and are still supported
by new energy demand in the medium and 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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