 Home > Chemicals Industry > New Chemical Materials > November 27 Shanghai copper afternoon review

November 27 Shanghai copper afternoon review

 Last Update: 2022-12-17
 Source: Internet
 Author: User

Tags

copper citrate

copper ll nitrate

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

The Shanghai copper 2001 contract also rose overnight, closing at 47,360 yuan / ton, up 0.
57%.

Copper prices rose sharply last night, mainly because the news of the progress of international trade negotiations and Powell's positive assessment of the state of the US economy boosted market confidence, U.
S.
stocks closed higher on Tuesday, the three major stock indexes set new intraday and closing records, and crude oil closed up nearly 1% to a new high in 2 months, and the increase in risk appetite made copper prices rise
sharply.

Shanghai copper

On the macro front, the annualized total of new home sales in the United States after the October quarterly adjustment was significantly higher than expected, and the recent economic data in the United States performed well, indicating that its economy is repairing better than expected, which is positive for copper prices
.
In addition, LME inventories fell by another 1,900 tons to 214,200 tons yesterday, and the proportion of warehouse receipts written off remained above 40%, which is expected to continue to destock, which also supports copper prices
.
At present, Shanghai copper closed in the sun, MACD indicators turned red, and copper prices are expected to remain high today
.

In terms of spot, due to the sharp rise in intraday prices in the evening, high prices inhibited market transactions, the domestic trade market is expected to be light today, and the quotations of holders are still firm due to the limited supply of transactions in their hands
.
It is expected that today's Shanghai copper 47200-47500 yuan / ton, spot premium 80-liter 130 yuan / ton
.

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.