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May 28 copper market morning review

 Last Update: 2022-12-22
 Source: Internet
 Author: User

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copper verdigris

green copper

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The copper market rose sharply on Thursday, with the main Shanghai copper rising 0.
11% to 71940
.
Copper markets were
supported by a sharply lower-than-expected number of jobless claims and U.
S.
Treasury yields, although higher, but still in recent range.

Copper City

Fundamentally, recent slight declines in domestic and foreign inventories, Thursday's strike at more than 1.
4 million tonnes of mines in Chile, and uncertainty in Chile and Peru mining policies are the driving force
for copper prices to rise again.
Of course, there is also the surrounding black market to digest the bearish
of the National Assembly.

The accelerated issuance of special bonds in the second quarter will drive infrastructure investment, and the current real estate is in a high boom cycle of completion, which has greatly promoted
the demand for copper.
From the overall performance of the non-ferrous metal plate, non-ferrous metals began to rebound, the market seems to be waiting for policy boots to land, macro liquidity and supply and demand side support copper prices strongly
.

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