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    Home > Chemicals Industry > New Chemical Materials > Shanghai copper trend is still rebounding in the short term, but it is expected to be highly limited

    Shanghai copper trend is still rebounding in the short term, but it is expected to be highly limited

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    The main force of Shanghai copper opened low overnight, opening at 71150 yuan in the evening, and then the price fluctuated, the lowest 70990 yuan, and finally closed at 71230 yuan
    .
    At present, the epidemic is under control, Shanghai is focusing on promoting the resumption of business and production, short-term non-ferrous metals are supported, the US dollar is still strong, suppressing the space
    above industrial products.

    Shanghai copper

    On the macro front, retailers' performance continued to rise to HaoU.
    S.
    stocks, China soared, Baidu Ali rose more than 14%, and U.
    S.
    natural gas temporarily bid farewell to a 14-year high; US real GDP was revised down to -1.
    5% annualized in the first quarter, turning negative
    for the first time since mid-2020.

    In terms of industry, the only copper mine in operation in Botswana suspended production due to an accident; Eurasian Resources: The commodity supercycle has begun and will last 30 years
    .

    Although domestic demand has rebounded month-on-month, the epidemic is still troubled, the downward pressure on the economy in the second quarter is still large, and the recovery of demand is still wait-and-see, which does not support the continued sharp rise in prices
    .
    Therefore, copper prices still rebound in the short term, but the height is expected to be limited
    .

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