echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > May 27 Shanghai copper brief commentary

    May 27 Shanghai copper brief commentary

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Today's Shanghai copper range is mainly volatile, and the main 2107 contract of Shanghai copper closed at 71940
    at the end of the day.
    Shanghai copper range volatility during the day, after noon affected by the favorable Sino-US trade negotiations, once pulled up, closing the intraday decline, but the overall increase was limited
    .

    Shanghai copper

    From a macro perspective, since the beginning of this year, due to multiple factors such as international transmission, the prices of some commodities have continued to rise
    .
    We need to do a good job in ensuring the supply and price of bulk commodities and reasonably guiding market expectations
    .
    It is necessary to properly reserve and regulate, and combat hoarding to support enterprises in coping with rising costs and other operational difficulties, and strive to prevent the transmission
    of consumer prices.
    Overseas, although the Fed proposed in its recent minutes that it will discuss plans to taper bond purchases at some point in the future, quantitative easing will not change in the short term, so copper prices may continue to be strong near support levels
    .

    On the news, although the Escondida and Spence copper mines under the Chilean BHP were suspended by strike, the overall impact of taking urgent action to maintain copper mine operations is still needed
    .
    Recently, the state has suppressed the impact of commodity price speculation, and the momentum of Shanghai copper prices is limited, and it is expected that the recent range volatility is still the mainstay, paying attention to the volatility around 7.
    1-73,000, traders are mainly fast forward and fast out, and the operation is high and low at
    the point.

    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.

    Contact Us

    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.