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    Home > Chemicals Industry > New Chemical Materials > October 2016 cable raw materials (copper) monthly report

    October 2016 cable raw materials (copper) monthly report

    • Last Update: 2022-12-03
    • Source: Internet
    • Author: User
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    First, macroeconomics

    First, macroeconomics

    In the United States, the election haze hung over the capital market and could not be dissipated, and the dollar index fell after stopping abruptly in front of the 100 mark
    .
    At the same time, the last interest rate decision-making meeting before the election announced that interest rates would remain unchanged
    .
    The weakness of the US dollar is difficult to change, which to a certain extent has given copper prices great support
    .

    Domestically, around the National Day, many places in China have successively introduced new policies for real estate regulation, restricting speculative funds from entering the property market, while the profit-seeking demand of speculative funds drives them to flow into the commodity market for a new round of asset allocation
    .
    The inflow of funds has led to a warm overall atmosphere in base metals, rising market sentiment and copper prices
    .

    In terms of crude oil, the growing divergence among OPEC producers has weakened oil prices under multiple
    bearishness.
    If the OPEC production limit agreement is not implemented by the end of November, oil prices will fall
    further.
    Although the copper market has ignored the impact of oil prices due to high bullish sentiment, it is also impossible to ignore this potential bearish factor
    .

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