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    Home > Chemicals Industry > New Chemical Materials > Shanghai copper afternoon review on March 21

    Shanghai copper afternoon review on March 21

    • Last Update: 2022-12-09
    • Source: Internet
    • Author: User
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    Although the Fed interest rate meeting has not ended, but the US dollar interest rate hike has basically settled, the market focuses on the path of interest rate hikes, the US dollar index re-entered the 90-point mark and continued to be strong and volatile, London copper is under significant pressure to see $6700, Shanghai copper main force by the external fall sharply lower, is still above the 50,000 mark saw, peak season demand has not started, technical position data has been greatly reduced, multiple short factors have significantly accumulated to inhibit copper price trends, it is expected that Shanghai copper today or there is still a slight room to fall, cautiously pay attention to the latest movements of the Federal Reserve

    Shanghai copper

    In terms of the market, the current local warehouse receipts continue to flow into the market, the source of goods has increased again, today's copper prices have pulled back again, the enthusiasm of holders to ship has rebounded, due to optimism about future demand expectations, most of the downstream copper manufacturers have rigid stock demand, low procurement enthusiasm is still active, the current holders have a slight price, but the downstream acceptance of high premium is not high, the premium is slightly reduced
    .

    Scrap copper market, the market supply is obviously in short supply, the current holders are more willing to sell, downstream enterprises are still insufficient at present, market transactions are gradually recovering, downstream in the environmental protection policy continuous high-pressure situation on-demand procurement, the overall transaction is general
    .

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