echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > March 5 copper market morning review

    March 5 copper market morning review

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Copper market morning comment: Yesterday's external metals fell across the board, London copper fell nearly 5.
    4%, London nickel fell nearly 8.
    8%, London Metal Exchange (LME) industrial metals fell on Thursday, nickel prices fell sharply and investors' nervousness about the broader market combined dragged copper prices down as much as 5%.

    Domestically, international copper fell nearly 2.
    2%, Shanghai copper fell nearly 1.
    8%, and Shanghai nickel fell nearly 8.
    2%.

    Copper City

    U.
    S.
    Treasury yields rose again, and copper prices came under pressure
    .
    However, the current global economic recovery prospects are still good, coupled with "carbon neutrality" to make copper demand signs, the overall demand is good
    .
    There is a certain disturbance in the short-term supply, LME copper stocks have also continued to decline, although the domestic inventory level has increased slightly, but compared with the same period of previous years, the overall accumulation is low, and the copper price fundamentals remain unchanged
    .

    Recently, the exchange has increased the risk prevention of non-ferrous metal varieties, due to the continuous amplification of domestic and foreign financial market fluctuations, most asset prices have repeatedly experienced a high pullback, and the pro-cyclical industry represented by non-ferrous metals has a high concentrated selling after a short-term rapid rise, the short-term market is not as expected in the policy stimulus to give back gains, the medium-term trend is expected to adjust and reproduce the "spring restlessness", short-term non-ferrous technical form destruction will be dominated
    by shock consolidation.

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.