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    Home > Chemicals Industry > New Chemical Materials > November 29 copper market noon review

    November 29 copper market noon review

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Copper market afternoon commentary: U.
    S.
    stocks and oil prices both fell, the next week London copper closed down $316; Peruvian source imports hit the market, superimposed spot premiums continue to decline, the short-term support of the market is more fragile, copper or fall
    today.

    Copper City

    The profit of China's industrial enterprises above designated size in October increased by 24.
    6% year-on-year, compared with a 16.
    30%
    increase in the previous month.
    Affected by the news of the new variant of the new coronavirus in South Africa, market panic rose sharply on Friday, crude oil plunged more than 10%, and non-ferrous metals fell
    sharply across the board.
    Today's market sentiment improved, and the outside market opened
    sharply higher.

    On Friday, London copper fell more than 3%, closing below $9,500, and U.
    S.
    copper opened 1%
    higher today.
    Shanghai copper opened low and closed low at 69360 overnight, and is expected to open high with the outside market to around
    70,000 points today.
    Shanghai copper trading rose and positions fell, and market sentiment was biased towards
    neutrality.
    Global macro fundamentals have improved slightly, the impact of epidemic news is difficult to last, and copper prices may continue to be range-bound
    in the medium term.
    Shanghai copper upper pressure 75000, lower support 67000
    .
    Today's international copper fell to 542 points compared with Shanghai copper, and the external trend is still stronger than the internal market
    .

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