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    Home > Chemicals Industry > New Chemical Materials > May 17 Copper Market Afternoon Review

    May 17 Copper Market Afternoon Review

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    Copper market afternoon comment: domestic and foreign inventories both rose, the next week London copper shock closed down $53, recycled copper imports improved significantly year-on-year, high prices in the short term will still inhibit downstream enterprise procurement, today's copper is falling
    .

    Copper City

    In April, the electricity consumption of the whole society increased by 13.
    2%
    year-on-year.
    The building materials industry will be included in the national carbon emission rights market
    .
    The relevant data of the US real estate market was less than expected, the market sentiment was not good, the dollar fell sharply, the trend of non-ferrous metals diverged, copper fell in overnight trading, and aluminum rose
    .
    China's economic data for April will be released today, and the market may be
    volatile.

    On Friday, London copper closed in the shade under pressure on the 5-day moving average, opening slightly higher at $
    10,261 today.
    After the Shanghai copper fell in daily trading, it opened slightly lower in overnight trading, rushed back down to close in the clouds, and closed at 74350
    .
    Shanghai copper trading positions are declining, and market sentiment tends to wait and see
    .
    The technical form is poor, the upward trend is limited, the short-term copper price may fluctuate and adjust, be wary that the short-term volatility may rise sharply, and there is still the possibility
    of rising again after the medium-term stabilization.
    Shanghai copper upper pressure 78270, lower support 72000.

    Today's international copper premium fell slightly to 479 points, and the external trend was slightly stronger
    .

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