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    Home > Chemicals Industry > New Chemical Materials > May 13 copper market noon review

    May 13 copper market noon review

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    Copper market afternoon comment: the US dollar and U.
    S.
    bond yields both rose, overnight London copper shock closed down nearly 1.
    4%, the current domestic downstream consumption performance is still weak, rising costs inhibit terminal demand, copper fell today
    .

    Copper City

    The overall CPI in the United States surged by 4.
    2% year-on-year in April, the highest since the financial crisis; The core CPI surged 3% year-on-year in April, the biggest increase
    since January 1996.
    Biden: The goal
    of getting the first dose of the vaccine for 60% of U.
    S.
    adults is on track next week.
    CAAM: Passenger car sales in China in April increased 10.
    8% y/y to 1.
    7 million units
    .
    Yesterday, the US CPI soared to a new high, Fed officials said to tighten monetary policy at the necessary time, the dollar rose sharply overnight, and non-ferrous metals fell
    across the board.

    Copper fell sharply overnight to close in the shade, opening slightly lower today below the 5-day moving average at $10,395.
    5
    .
    After the daily rise of Shanghai copper, it opened sharply lower in the night session, closing under pressure at the 5-day moving average to close at 75690
    .
    The upward trend is limited, short-term copper prices may fluctuate at a high level, be wary that short-term volatility may rise sharply, and there is still the possibility of rising again after stabilizing in the
    medium term.
    Shanghai copper upper pressure 78270, lower support 71500
    .
    Today's international copper premium rose slightly to 541 points, and the external trend was slightly stronger
    .

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