 Home > Chemicals Industry > New Chemical Materials > September 8 Copper Market Afternoon Review

September 8 Copper Market Afternoon Review

 Last Update: 2022-12-22
 Source: Internet
 Author: User

Tags

copper stainless steel

bare bright copper

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

Copper market afternoon commentary: the dollar strengthened, overnight copper weak shock closed down 1.
24%; China's economic data is weak, domestic copper imports continued to decline in August, demand was pented, copper prices were under pressure above, and spot copper is expected to fall
slightly today.

Copper City

Central Bank: In terms of monetary policy considerations, it will be "self-oriented", and liquidity supply and demand will remain basically balanced
in the next few months.
The Eurozone's ZEW economic sentiment index recorded 31.
1 in September, the lowest level
since April last year.
Japan's second-quarter GDP grew at an annualized rate of 1.
9 percent, compared with an estimate of 1.
6 percent
.
Affected by the storm, some states in the United States entered a state of emergency, the dollar rose sharply overnight, the trend of non-ferrous metals diverged, copper and lead fell, aluminum zinc rose
.

Copper fell sharply overnight to close in the shade, opening slightly lower at $
9,332 today.
Shanghai copper opened slightly lower in the night session, and the shock closed slightly negative, closing below the 20-day moving average at 68970
.
Shanghai copper trading positions are declining, and market sentiment is biased towards wait-and-see
.
The rebound of copper prices is insufficient, and it may enter a range-bound market in the medium term
.
Shanghai copper upper pressure 71000, lower support 65000
.
Today's international copper premium fell slightly to 379 points, and the external trend was weaker than the internal market
.

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.