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    Home > Chemicals Industry > New Chemical Materials > November 24 copper market noon review

    November 24 copper market noon review

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Copper market afternoon commentary: oil prices continued to rise, overnight London copper closed up $57; The inventory of the world's three major exchanges fell significantly, the Peruvian copper mine dispute reappeared, market supply concerns were rekindled, copper prices were supported, and copper may rise
    slightly today.

    Copper City

    China once again guarantees the supply of thermal coal and promotes the development of
    small and medium-sized enterprises.
    US President Joe Biden officially announced the release of strategic reserves of crude oil
    .
    The United States today will release a lot of economic data, and the night market may be volatile
    .
    Overnight news was calmer, market volatility was small, and most non-ferrous metals continued to rebound
    .

    Overnight, Lun copper opened low and high, slightly volatile to close at $9735, and U.
    S.
    copper opened
    slightly lower today.
    Shanghai copper opened higher and closed at 71260
    in the night.
    Shanghai copper trading is stable, positions are rising, and market sentiment is more optimistic
    .
    The short-term macro fundamentals are biased towards neutrality, supported by the high premium at the spot end, and the short-term rebound, which may continue to fluctuate in the medium term
    .
    Upper pressure 75000, lower support 70000
    .
    Today's international copper premium compared with Shanghai copper rose sharply to 698 points, and the external trend was significantly stronger than the internal market
    .

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