echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > September 21 copper market noon review

    September 21 copper market noon review

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Copper market afternoon commentary: China's comprehensive economic recovery boosted demand prospects, the next week London copper closed up $55 to refresh more than two years high, the tight state of the mine continues, copper pipe companies have stock demand, today's copper material rose
    .

    Copper City

    Last week, the copper market met support at a low level, China's better-than-expected macro data for August gave the market encouragement, foreign countries continue to long the copper market with strong Chinese consumption, but the domestic consumption season is not strong, consumption growth has fallen back to normal levels, domestic import windows are closed, and bonded zone inventories continue to increase
    .

    The second wave of the foreign epidemic has begun, many European countries have begun to take measures and even lockdowns, the prospects of the United States are not optimistic, coupled with the uncertainty of the US election, it is difficult to be optimistic
    about the market.
    Pay attention to the performance of LME copper prices at high levels and the effectiveness of the resistance line of the high range of
    domestic copper prices.
    Trading is based on the
    effectiveness of resistance levels.

    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.

    Contact Us

    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.