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Shanghai copper morning review on April 9

 Last Update: 2022-12-09
 Source: Internet
 Author: User

Tags

effect tariffs china

copper 2 chloride

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Shanghai copper no night disk
.
Last Wednesday, the main 1805 contract of Shanghai copper fell slightly, finishing at 50270 yuan / ton
.
Closed at 50280 yuan / ton, down 90 yuan / ton
.

Shanghai copper

In terms of news, the website of China's Ministry of Finance announced that in order to balance the losses caused to China's interests due to the tariffs imposed by the United States on imported steel and aluminum products (i.
e.
232 measures), the Tariff Commission of the State Council decided to suspend tariff reduction obligations for some imported goods originating in the United States, which will be implemented from April 2, paying attention to the market's reaction to the Sino-US trade war and changes in sentiment
.

After returning from the Qingming holiday, the escalating atmosphere of the Sino-US trade war is expected to promote the continuation of the "industrial and agricultural differentiation" in the market, while the varieties of the nonferrous plate will be differentiated, and the varieties with strong financial attributes such as copper and zinc may be under pressure, and it is expected to show a strong external and weak internal situation
.
Entering the second quarter, the traditional peak season of industrial products is approaching, and China's environmental protection and industrial policies are intensively introduced, and the overall judgment on the second quarter of nonferrous metals will maintain a shock recovery, but it is recommended to pay attention to the macro impact and temporarily leave the market
.

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