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June 9 copper market morning review

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

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chelated copper

reid metal finishing

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Copper market morning comment: Copper prices continued to rise in overnight trading, but lacked strength
.
Judging from the current situation, the impact of the epidemic has gradually faded
.
Domestic infrastructure construction, the introduction of automobile rural areas and tax exemptions and other measures to support consumption have made the market full of expectations for demand recovery
.
Concentrate supply performed well
overall.

Copper City

Inventories in the LME and the previous period continued to decline
.
Copper prices may be volatile in the short term, and the medium and long term will still be supported
by new energy demand.
It is recommended to pay attention to the domestic epidemic, spot demand, copper downstream starts, inventory and other conditions
.

The current market is in a global interest rate hike environment, the overall copper price is not favorable, and the supply and demand side has not changed much, copper prices have risen weakly, downstream consumption has recovered slowly, unable to support the sharp rise, but oil prices continue to rise, boosting metal copper prices, and London copper inventories continue to decline, copper prices below the support is still strong, the overall copper price is in a correction or shock finishing
.

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