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March 23 Copper Market Afternoon Review

 Last Update: 2022-12-21
 Source: Internet
 Author: User

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non precious metals

copper annealing temperature

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Copper market afternoon comment: The dollar followed the decline in U.
S.
Treasury yields, overnight London copper shock closed up $64, the traditional peak season is approaching consumption is still expected, concentrate supply tight processing fees continue to be low, copper materials rose
today.

Copper City

Total U.
S.
existing home sales fell 6.
6% annualized in February, and home prices rose 15.
8%
year-on-year.
The Federal Reserve said it would continue to fully support the recovery of the US economy, US President Biden planned to launch a $3 trillion infrastructure plan, the dollar fell sharply overnight, and non-ferrous metals rose
across the board.

Overnight, copper opened low and rose to close in the sun, closing above the 5/20-day moving average at $9130, and U.
S.
copper opened
slightly higher today.
Shanghai copper daily volatility, night high open high rose to close Zhongyang, closed above the 20-day moving average 67430.
Shanghai copper trading fell positions rose, market sentiment was better, macro uncertainty released, copper prices stabilized and rebounded, and the medium term is expected to continue to rise
.
Shanghai copper upper pressure 70000, lower support 65000
.
Today's international copper premium compared with Shanghai copper rose sharply to 494 points, and the external market sentiment is very optimistic
.

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