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    Home > Chemicals Industry > New Chemical Materials > March 28 Copper Market Afternoon Review

    March 28 Copper Market Afternoon Review

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    Copper market afternoon commentary: the strengthening of the dollar put pressure, the next week London copper closed down 0.
    32%; The situation in Russia and Ukraine is still uncertain, coupled with the repeated domestic epidemic, downstream transactions have slowed down, copper prices are weak, and copper is expected to fall
    slightly today.

    Copper City

    National Bureau of Statistics: From January to February, the profits of industrial enterprises above designated size in the country increased by 5.
    0%
    year-on-year.
    In the United States, the final value of the University of Michigan consumer confidence index in March continued to deteriorate from the preliminary value, falling to 59.
    4
    .
    Over the weekend, the United States and Russia issued statements mentioning nuclear weapons, market sentiment was weak, the dollar rose, and most non-ferrous metals fell
    .

    On Friday, London copper rushed back down and turned lower to close in the shade, opening slightly lower at $
    10,245 today.
    Shanghai copper opened low and fell to close slightly negative at 73250
    overnight.
    Shanghai copper trading positions are declining, and market sentiment is biased towards wait-and-see
    .
    Domestic spot demand has improved slightly, macro fundamentals are biased towards neutrality, and short-term volatility may continue
    .
    Shanghai copper upper pressure 75000, lower support 71000
    .
    International copper is still at a high level of 1240 points compared with Shanghai copper, and the trend of the external market is significantly stronger than that of the internal market
    .

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