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    Home > Chemicals Industry > New Chemical Materials > November 13 copper market afternoon review

    November 13 copper market afternoon review

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
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    Copper market afternoon comment: The U.
    S.
    job market continued to recover, overnight London copper was shocked to close up $30, the recent downstream enterprise operating rate is good, copper concentrate processing fees continue to be low to restrict smelting production, today's copper is rising
    .

    Copper City

    US October quarterly CPI monthly rate released: 0, prior: 0.
    2, expected: 0.
    1
    .
    U.
    S.
    jobless claims for the week ended Nov.
    7 were 709,000, 75.
    1 in the previous month and 73.
    5
    expected.
    Eurozone Industrial Output MoM for September: -0.
    4%; 0.
    7% expected; Previous value 0.
    70%.

    Overnight, U.
    S.
    employment data exceeded expectations, European economic data was significantly less than expected, and the epidemic had a greater
    impact on the United States and Europe.
    The dollar fell slightly during the night, while non-ferrous metals mostly rose
    .
    In the morning, Trump announced a ban on trading with 31 Chinese companies, and copper opened
    slightly lower.

    Overnight, London copper rushed back down to close slightly higher, closing at $6916, and U.
    S.
    copper opened
    slightly lower today.
    Shanghai copper opened significantly higher overnight, rushing higher above the 5-day moving average to close Xiaoyang, closing at 51940
    .
    Shanghai copper trading stable position rose slightly, the outcome of the US election is undecided, the internal market is still more cautious, and the short-term may continue to fluctuate
    above 51000.
    Shanghai copper upper pressure 53520, lower support 51000
    .

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