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September 9 Copper Market Afternoon Review

 Last Update: 2022-12-19
 Source: Internet
 Author: User

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Copper market afternoon comment: U.
S.
stocks continued to fall to suppress market sentiment, overnight London copper closed down more than 1.
2%, the current domestic market copper inventory is still increasing slightly, peak season demand has not yet performed need to be cautious, today's copper is now down
.

Copper City

Eurozone Q2 GDP final -14.
7 y/y, prior: -15.
00, expected: -15.
00
.
Passenger car retail sales in China in August increased by 8.
8%
y/y.
The attitude of the United States on whether to implement the stimulus package is seriously opposed, the market sentiment is pessimistic, the plunge in US stocks and crude oil dragged down, and non-ferrous metals fell
across the board.

LME inventories continue to deteriorate and have fallen to a 15-year low, but copper stocks in the domestic market are still increasing slightly, the inventory in the last period is relatively stable, bonded zone inventories continue to increase, the current peak season demand has not yet performed, still need to be cautious, spot copper prices are expected to fall
today.

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