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    Home > Chemicals Industry > New Chemical Materials > November 22 London Copper Afternoon Review

    November 22 London Copper Afternoon Review

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
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    Yesterday, London copper due to the daily recovery, the night disk maintained a high level of oscillation, the center of gravity fell slightly to around 6230 US dollars / ton, oscillated above the daily moving average, short-term bottomed the daily moving average, the center of gravity moved up to 6240 US dollars / ton narrow range oscillation, the center of gravity fell back to around 6230 US dollars / ton, the evening amplitude did not exceed 40 US dollars / ton, closing at 6233 US dollars / ton
    .

    London copper

    In terms of news, ICSG: The global refined copper market was short of 31,000 tons in August and 84,000 tons
    in July.
    WBMS: The global copper market had a supply shortage of 06,300 tons from January to September, and a global oversupply of 93,800 tons in 2017
    .
    Global copper supply continued to be in a slight shortage, with the dollar falling overnight and copper prices rebounding
    .
    Overnight, Lun copper rose sharply to close Zhongyang, standing on the 5-day moving average
    .

    Yesterday is the last trading day before Thanksgiving, the market short-term volatility, the transaction is light, in addition to the U.
    S.
    stock market recovery, market panic stabilization, the current market demand is still weak, the market focuses on Sino-US trade relations, if trade relations are good, coupled with the implementation of domestic interest rate cuts and tax cuts and infrastructure implementation to the right track, copper prices are expected to have room to recover, today pay attention to the trend of U.
    S.
    crude oil, global crude oil oversupply, in the short term may be affected by market sentiment factors to recover slightly, but in the long run will put commodities under pressure

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