 Home > Chemicals Industry > New Chemical Materials > May 16 copper market noon review

May 16 copper market noon review

 Last Update: 2022-12-25
 Source: Internet
 Author: User

Tags

valeant pharmaceuticals international

copper pellets

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

Copper market afternoon commentary: oil prices continued to rise, the next week London copper closed up 1.
9%; Overseas copper mines continue to stop operations, the domestic central bank will increase the implementation of prudent monetary policy, market risk sentiment has increased, and copper is expected to rise
today.

Copper City

The International Monetary Fund raised the weight of
the renminbi.
Eurozone industrial output in March was -0.
8% y/y vs -1% expected and 2%
prior.
China's M2 data on Friday beat expectations, but social financing data fell short of expectations
.
The central bank cut the interest rate on the first home loan over the weekend, and the market sentiment improved significantly as major domestic cities continued to relax real estate policies
.
The dollar retreated from its highs, and non-ferrous metals rebounded
across the board.

On Friday, London copper bottomed out and rose nearly 2%, opening higher at $
9276 today.
Shanghai copper opened sharply lower in the night session, and the shock turned red to close in the sun, closing at 71450
.
Shanghai copper trading rose, positions fell, divergences increased, and market sentiment was neutral
.
Short-term exchange rates may gradually begin to stabilize, and copper prices will fluctuate
.
In the medium term, supported by the gradual recovery of domestic demand, it will gradually stabilize and rebound, and the internal disk may be stronger than the external market
.
Shanghai copper upper pressure 73000, lower support 70000
.
Today's international copper premium compared with Shanghai copper rose slightly to 231 points, and the internal trend was slightly stronger than the external market
.

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.

Related Products

9,10-Diphenylanthrac

CAS No.: 1499-10-1

$1-1.2/MT FOB

High Quality Polar Solvent 99.99% Ethylene carbonate/Ethylencarbonat/ EC CAS 96-49-1

CAS No.: 96-49-1

Pharmacy Grade

$1-1.2/MT FOB

High quality Fluorescent Brightener CBS-X 98% TOP1 supplier in China

CAS No.: 27344-41-8

Industrial Grade

$3/KG EXW

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

announcements today(81)

ups united states(221)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

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.