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    Home > Chemicals Industry > New Chemical Materials > September 9 copper market morning review

    September 9 copper market morning review

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
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    The copper market fell back on Tuesday, and copper prices appeared to be strong compared to
    the sharp decline in the surrounding market.
    Almost all assets have returned to pre-pandemic levels, but the economy is much lower than before the pandemic, especially in the United States, where the original stimulus policy is about to expire, but the new policy is fruitless, and the second wave of the epidemic is coming, and the market profit atmosphere has increased
    .

    Copper City

    The jump in the US dollar index triggered a sharp decline in the colored sector, but due to the relatively good economic indicators at present, the market is more optimistic about the economy, and the probability of the economy continuing to recover in the short term is high
    .
    The sharp decline in ME copper stocks, especially in Asia, coupled with the impact of domestic storage and storage, and the market's expectation that the copper consumption season is coming, or copper prices are prone to rise and fall in the short term, but in the medium and long term, the strength of economic recovery is still doubtful
    .

    The copper market is still strong outside and weak inside, and the domestic peak season does not see consumption rebound to put market pressure, we tend to see domestic consumption will return to normal after a sharp rise in the second quarter, and the focus is now on whether the United States has introduced new stimulus policies
    .
    Technically, domestic and foreign copper prices are still in high range
    .

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