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    Home > Chemicals Industry > New Chemical Materials > March 30 copper market morning review

    March 30 copper market morning review

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    Copper market morning comment: Yesterday's external metals were mixed, London copper fell on Monday, and after container ships that had been blocked in Suez Canal shipping resurfaced, concerns about rising freight rates subsided, and a higher dollar reinforced negative sentiment
    .

    Copper City

    In terms of news, the new crown epidemic data in the United States has deteriorated, infections, hospitalizations and deaths have all accelerated, and the Biden administration has called on states to slow down the pace
    of easing epidemic prevention measures.
    The "Changci" successfully escaped from the shallows, and the Suez Canal ships gradually resumed traffic
    .

    Last night, the U.
    S.
    index briefly touched 92.
    965, a new high
    since November.
    A stronger dollar and rising U.
    S.
    Treasury yields weighed on copper futures
    .
    Downstream demand continues to repair, the overall performance preference of the consumer side after entering the peak season, the willingness of the consumer side to replenish storage at low prices is strong, the performance of traditional consumption fields such as real estate, home appliances, and transportation is stable and improving, and the renewable energy industry provides new increments
    driven by "carbon neutrality".
    After the fall in copper prices, the activity of the spot market has increased, and copper prices still have room
    for volatility to the upside.

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