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    Home > Chemicals Industry > New Chemical Materials > September 20 copper market noon review

    September 20 copper market noon review

    • Last Update: 2022-12-26
    • Source: Internet
    • Author: User
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    Copper market afternoon comment: the record low housing value in the United States in August dampens market confidence, and London copper closed down 0.
    48% overnight; Inventories remain tight, but downstream consumption has not shown peak season characteristics, focusing on the Fed meeting, copper is expected to hold steady
    .

    Copper City

    The ECB says the current slowdown is not enough to ease high inflation
    .
    The U.
    S.
    real estate developer confidence index hit a new low
    .
    Many central banks will raise interest rates this week, especially before the Fed rate hike, the market sentiment is very cautious, and the market is now widely expected to raise interest rates by 75 basis points
    .
    The market fluctuated sharply overnight, and non-ferrous metals generally maintained a volatile trend
    .

    Overnight, London copper bottomed out, and the small black candlestick with a long lower lead closed sharply, opening higher at $
    7814 today.
    Shanghai copper opened low and high overnight to close Xiaoyang, closing at 62270
    .
    Shanghai copper trading positions are declining, and market sentiment is cautious
    .
    Supply and demand are neutral, the Fed's interest rate hike expectations are basically set at 75 basis points, market sentiment has improved, temporarily maintaining the view
    that the market trend will be stronger after the Fed's rate hike on Thursday.
    Shanghai copper upper pressure 65000, lower support 60500
    .
    Today's international copper premium rose to 638 points compared with Shanghai copper, and the external trend was strong
    .

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