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    Home > Chemicals Industry > New Chemical Materials > September 8 copper market morning review

    September 8 copper market morning review

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    Copper market morning comment: Shanghai copper morning trading on Wednesday was stable, after noon plunged sharply, spot premium rose to 410 yuan, South China premium rose to 510 yuan
    .
    The typhoon affected the pick-up of goods, and after the copper price stabilized, the downstream gradually took the goods at the bottom, and consumption was active
    .

    Copper City

    At present, the Mid-Autumn Festival stocking sentiment is not obvious, and the industry is generally pessimistic and leads to a lack of willingness to chase high and stock up, but the actual peak season effect is gradually reflected, consumption growth is moderate, price declines attract bargain replenishment, and short-term pullback spot will show strong support
    .

    With the sharp decline in copper prices, the downstream actively replenished the warehouse, and rigid demand broke out rapidly; The European energy crisis continues, copper smelting is affected, short-term supply is suppressed, spot prices continue to rise, copper prices continue to rebound
    .
    The continuous rise in prices has led to a strong wait-and-see sentiment downstream, and a number of Fed officials have recently expressed that they continue to tighten to control inflation, which has greatly increased market risk sentiment, and copper prices have retraced, or enter a weak shock pattern
    in the short term.

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