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    Home > Chemicals Industry > New Chemical Materials > Merchants divest before the holiday and leave the market in the future, copper prices are under greater pressure

    Merchants divest before the holiday and leave the market in the future, copper prices are under greater pressure

    • Last Update: 2022-12-05
    • Source: Internet
    • Author: User
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    In the last trading day, the Shanghai copper 1706 contract opened at 45890 yuan, up 20 yuan, and at 09:15, the Shanghai copper 1706 contract was 45880 yuan, up 10 yuan
    .
    Domestic investors are strongly willing to withdraw funds before the holiday, and copper prices will be under greater pressure in the future
    .

    Copper prices

    In terms of consumption, foreign consumption has increased
    steadily.
    Among them, the growth rate of copper consumption in the Americas turned positive, copper consumption in Europe rose steadily, and Asia except China grew
    at a low rate.
    It is estimated that the growth rate of overseas copper consumption in 2017 will be 1.
    6%
    year-on-year.

    From a domestic point of view, the growth rate of real estate copper consumption is expected to decline in 2017, and show a trend of high and low, the power industry is expected to maintain stable copper consumption in 2017, the annual growth rate of copper for air conditioners is expected to remain stable year-on-year, and the growth rate of automobiles is expected to fall from 13.
    1% to 8%.

    On the whole, it is expected that the growth rate of China's electrolytic copper consumption in 2017 will be 3%
    year-on-year.

    With the advent of the Dragon Boat Festival, domestic investment has withdrawn, copper prices are under pressure and the upside space is limited, and it is expected that Shanghai copper will maintain a volatile consolidation pattern next week, and copper is expected to change little
    .

     

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