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November 27 copper market noon review

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

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non ferrous metals

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Copper market afternoon comment: global economic recovery expectations strengthened, overnight London copper closed up $86 to a more than seven-year high, the development trend of the renewable energy industry is good, the current off-season consumption performance is still good, copper is rising
today.

Copper City

The Ministry of Commerce held an on-site meeting
in Beijing to promote the consumption upgrading action plan.
German Chancellor Angela Merkel said she would extend the quarantine measures
.
The US Thanksgiving was closed overnight, the US dollar continued to be weak, and non-ferrous metals rose
across the board.

Overnight, London copper opened high and rose sharply, closing Zhongyang hit a new high of $7424, and U.
S.
copper opened
slightly lower today.
Shanghai copper opened low and went high overnight, rising slightly to a new high, closing at 55400, Shanghai copper trading fell and positions rose slightly, market confidence is still strong
.
Supported by macroeconomic data, the technical form of Shanghai copper is still good, and it is still likely to rise again in the medium term
.
Shanghai copper upper pressure 58000, lower support 53000
.
Today's international copper premium fell slightly to 422 points
compared with Shanghai copper.

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