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

    November 13 copper market morning review

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
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    On Thursday, the copper market rushed back down
    .
    The epidemic in Europe and the United States continues to deteriorate, experts say that the worse situation is still ahead, Europe has begun to lockdown, New York has also begun to take measures, for vaccines, the prospects are good, but it will face transportation and other problems, all injections will take more than half a year, epidemic concerns began to prevail
    .

    Copper City

    The domestic price index continues to decline, reflecting the reality of weaker demand; The optimism brought by the news of Biden's victory overseas and the new progress of the new crown vaccine has declined, and the short-term resurgence of the epidemic in Europe and the United States, the United Kingdom has implemented a second lockdown, the damage to the economy is inevitable, and the macroeconomic recovery needs a new round of large-scale stimulus support
    .

    On the supply side, the political turmoil in Peru has triggered concerns about the recovery of mining production, and there is also some uncertainty in the Chilean glacier bill, and there may be tightening expectations
    on the supply side.
    On the demand side, although the domestic automobile boom has not decreased, the overall demand is weak, the market is long and short factors are intertwined, and copper prices still need further news guidance
    .
    In the copper market, mine supply diverged greatly in the first half of next year, short-term inventories and demand diverged greatly, and the market waited for clarity
    .

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