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    Home > Chemicals Industry > New Chemical Materials > June 30 Copper Market Afternoon Review

    June 30 Copper Market Afternoon Review

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
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    Copper market midday commentary: U.
    S.
    economic data exceeded expectations to boost sentiment, overnight London copper continued to rise to close up $26, Chilean mines are still operating but supply risks are rising, consumption is in a state of repair, copper is rising
    today.

    Copper City

    Recent concerns about the epidemic in Chile have once again caused concern in the copper concentrate market, continuing to pressure domestic TC processing fees, pushing copper prices to maintain a strong trend, after all, London copper 6,000
    US dollars integer mark.

    Domestically, the off-season fell to but continued to go to stock, the overall inventory level maintained a historical low, in addition, due to the low processing fee resulting in limited supply increment, the follow-up may show a certain supply and demand double weak situation, but low inventory strong spot bureau fabrics will continue to maintain, the stage of the plate stage a certain amount of capital driven by the rise market is also a high probability
    .

    In addition, in terms of macro funds, the global market has released water, and the resumption of work is expected to continue to speculate, which is even more conducive to the copper price with high financial attributes
    .
    Overall, low inventories and strong spot still support copper prices, and macro funds and other benefits will continue to reflect, it is expected that copper prices will continue to maintain a strong trend of volatility, and the operation is more thoughtful
    .

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