-
Categories
-
Pharmaceutical Intermediates
-
Active Pharmaceutical Ingredients
-
Food Additives
- Industrial Coatings
- Agrochemicals
- Dyes and Pigments
- Surfactant
- Flavors and Fragrances
- Chemical Reagents
- Catalyst and Auxiliary
- Natural Products
- Inorganic Chemistry
-
Organic Chemistry
-
Biochemical Engineering
- Analytical Chemistry
-
Cosmetic Ingredient
- Water Treatment Chemical
-
Pharmaceutical Intermediates
Promotion
ECHEMI Mall
Wholesale
Weekly Price
Exhibition
News
-
Trade Service
Copper market afternoon commentary: the dollar rebounded to a new high, overnight London copper closed down $88 under pressure; Domestic copper supply is less than expected, inventories are still at a low level, but the middle and downstream consumer demand is not optimistic, and copper is expected to fall
slightly today.
China's M2 money supply in October was 8.
7% y/y vs 8.
3%
previously.
The US unseasonally adjusted core CPI recorded an annual rate of 4.
6% in October, a 30-year high
.
US core CPI for October was 0.
6% m/m vs 0.
4% expected vs.
0.
2%
prior.
Initial jobless claims in the United States recorded 267,000 in the week ended November 6, the lowest
since the week ended March 7, 2020.
The US price index rose sharply to a new high in October, the market feared that the Federal Reserve would raise interest rates early, the dollar soared to a new high overnight, and non-ferrous metals mostly fell
.
Overnight, Lun copper rushed back down and turned down to close in the shade, and U.
S.
copper opened
slightly higher today.
Shanghai copper overnight trading rushed back down to close in the small negative, closing at 70040.
Shanghai copper trading stable position declined, market sentiment biased to wait and see
.
Global macro fundamentals have improved slightly, and copper prices may continue to run around 70,000 points in the short term, returning to range-bound markets in the medium term
.
Shanghai copper upper pressure 75000, lower support 67000
.
Today's international copper fell to 281 points compared with Shanghai copper, and the external trend was weaker than the internal market
.
