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Shanghai copper afternoon review on February 23

 Last Update: 2022-12-08
 Source: Internet
 Author: User

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During the domestic Spring Festival holiday, the overall trend of London copper showed a steady operation trend, this morning Shanghai copper main 1804 contract in the night trading rushed close to 54,000 yuan support, in the inventory accumulation pressure to temporarily suspend the rally, but still maintain the upward momentum, focus on post-holiday consumption changes, given that most downstream companies have not yet opened the market, it is expected that copper prices temporarily do not have the possibility of a big rise, it is expected that today's copper prices maintain range volatility
.

Shanghai copper

In terms of the market, the Spring Festival holiday has passed, downstream traders have gradually increased, the market transaction has picked up slightly, today's copper prices have risen significantly, but downstream copper manufacturers do not trade much, most of them have bargained before the holiday, there is no large amount of procurement demand for the time being, the holders have slightly raised the price, some downstream manufacturers wait and wait for consumption to gradually pick up, today's Guangdong electrolytic copper trading premium slightly raised, supply and demand sides do not have a significant procurement atmosphere, it is expected that the Lantern Festival after the trading or gradual improvement
.

Scrap copper market, market supply is obviously in short supply, the current holders of goods at a high price, downstream enterprises have not started a large number of work, under the dual influence of strict environmental protection inspection and scrap seven types of copper policy, supply and demand has not improved
significantly.

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