echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > May 12 Shanghai copper brief commentary

    May 12 Shanghai copper brief commentary

    • 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

    Today's Shanghai copper high volatility is strong, as of the end of the day close Shanghai copper main 2106 contract closed at 77090, up 1230, or 1.
    62%.

    Shanghai copper

    Today's Shanghai copper continued to fluctuate at a high level, strengthening within the day and approaching the previous pressure level
    .
    At present, affected by the trend of decarbonization of green energy, long-term metal copper demand is still expected to increase, on the other hand, Chile's strike is expected to increase, coupled with the government's increase in copper mine tax burden also brings supply concerns, and copper prices still have a preference outlook
    in the medium and long term.

    In the near future, with the good control of the epidemic in the United States and the continuation of the Fed's loose monetary policy, the US Treasury is less worried about inflation, and market funds entering the commodity market to fight inflation have increased, promoting short-term Shanghai copper to rush higher, and as the price enters a fifteen-year high, fear of heights increases, and a high volatility market appears
    .
    It is recommended to pay attention to the range of 7.
    5-77,000 volatility and breakthrough in the near future, and it is expected that the night session will remain range-based, or there may be stability and continuation of the strong trend
    .

    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.