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May 20 copper market morning review

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

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Copper market morning comment: Copper extended its rally yesterday night, supported
by a weaker dollar.
The dollar retreated nearly 1% yesterday, mainly due to the pullback in US economic data and the rise in jobless claims for three consecutive weeks
.

Copper City

After the recent signs of improvement in the domestic epidemic, the market sentiment has warmed, but it will take time
for actual demand to return to normal.
Although the recent domestic macro data is weak, and the industry data released in the later period is likely to be poor, it has been digested
by the market.

LME stocks fell by 2,375 tonnes yesterday and spot stocks extended a slight increase
.
At present, the resumption of work is slow, and short-term copper prices may fluctuate
at the regional level.
It is recommended to pay attention to the domestic epidemic, spot demand, copper downstream starts, inventory and other conditions
.

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