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    Home > Chemicals Industry > New Chemical Materials > May 18 Shanghai copper brief commentary

    May 18 Shanghai copper brief commentary

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    Today's Shanghai copper opened stronger, further broke through the previous shock pressure level during the day, and closed the Shanghai copper main 2106 contract at 76100, up 1420, or 1.
    9%.

    Shanghai copper

    Overnight, Europe and the United States reached an agreement on metal tariffs, the US dollar index weakened all the way to release non-ferrous metal pressure under the influence of inflation and other influences, non-ferrous metals rose collectively during the day, and copper showed a strong trend
    due to the influence of peripherals.

    At present, the medium- and long-term trend outlook for copper remains unchanged, the green power energy transition has brought long-term copper demand, and the recent strikes and tax-related events in copper mine production in Chile and Peru, and tight supply is expected to form a long-term bullish pattern of fundamentals
    .
    However, in the short term, the Shanghai period has suppressed the speculation, and the subsequent copper price may be transformed into fundamentals and news promotion, and it is expected that the recent high operation is the mainstay, pay attention to adjusting the shock, and the main force of Shanghai copper refers to the 7.
    55-76,500 finishing situation
    .
    Operationally wait-and-see, hold
    cautiously.

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