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June 29 Copper Market Morning Review

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

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signs low iron

liquid non metal

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Dragon Boat holiday, the international financial market trembled, U.
S.
stocks and crude oil fell sharply, international metals are relatively firm, London copper futures reported 5943 yuan / ton, it is expected that the domestic non-ferrous metal internal disk may open
high.

At present, most European and American stock markets and international commodities have rushed back down, as the signs of the second outbreak of the epidemic in the United States have increased, which may trigger the optimistic expectations of global economic growth to be completely broken, and the market is reappraising
the previous rapid rise in equity and cyclical assets.

At present, the nonferrous metal industry is in the medium and long-term weakening of the marginal supply and demand, and it is expected that the pressure of the high pullback of non-ferrous metals represented by copper will increase, but considering that the short-term liquidity is loose, the industrial tradable inventory is low and the risk of running out in recent months is still large, it is recommended that customers control unilateral exposure to prevent short-term high two-way fluctuations, industrial customers use virtual inventory and hedging transactions to flexibly adjust exposure risks, and copper intertemporal structure is mainly held
.

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