 Home > Chemicals Industry > New Chemical Materials > November 19 copper market noon review

November 19 copper market noon review

 Last Update: 2022-12-20
 Source: Internet
 Author: User

Tags

white rose potatoes

copper tubing fittings

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

Copper market afternoon commentary: The US economic stimulus package is pending, overnight London copper rushed back down to close down $6, Chilean copper mines still have some disturbances, power investment and other year-end expectations of rush work, today copper material rose
slightly.

Copper City

Overnight, London copper rushed back down to close the small white line, closing above the 5-day moving average at $7069, and U.
S.
copper opened
slightly lower today.
Shanghai copper rose on a daily basis, opened low at the 5-day moving average overnight, and closed at 52910, Shanghai copper trading fell and positions rose slightly, market confidence was strong
.
Supported by macroeconomic data, the technical form of Shanghai copper is still good, short-term Shanghai copper may fluctuate around 53000, and it is still possible to rise again in the medium term
.
Shanghai copper upper pressure 55000, lower support 51000
.
Note that today's listing of international copper futures may lead to increased
market volatility.

On the whole, terminal consumption has increased slightly compared with the previous period, maintaining resilience, and copper scrap temporarily remains tight, but the willingness to ship at high is strong, and the willingness to chase high downstream is low
.
However, spot premiums, scrap copper tension to form price support, and macro profits waiting to be realized, copper prices are still prone to rise and fall
.

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

Related Products

9,10-Diphenylanthrac

CAS No.: 1499-10-1

$1-1.2/MT FOB

High Quality Polar Solvent 99.99% Ethylene carbonate/Ethylencarbonat/ EC CAS 96-49-1

CAS No.: 96-49-1

Pharmacy Grade

$1-1.2/MT FOB

High quality Fluorescent Brightener CBS-X 98% TOP1 supplier in China

CAS No.: 27344-41-8

Industrial Grade

$3/KG EXW

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

announcements today(81)

ups united states(221)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.