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The copper market has rebounded significantly recently, and the upward momentum may be limited

 Last Update: 2022-12-18
 Source: Internet
 Author: User

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Copper market summary: Europe and the United States began to restart the economy to stimulate market optimism, the next week London copper closed up $93, domestic refined copper destocking trend continues, but worried about overseas demand, it is expected that copper will rise or fall little today
.

Copper City

Futures market, Europe and the United States began to restart the economy, stimulate market optimism, the overall macro atmosphere is better than March, the next week London copper trend is stronger, the latest closing quotation of 5210 US dollars / ton, up 93 US dollars, up 1.
83%.

Domestic first-quarter economic data show that the epidemic has a greater impact on economic activity, but with the control of the epidemic, the domestic economic data in March has picked up significantly, market confidence has rebounded, and the non-ferrous sector has been boosted to the upside
.
And South American countries have successively declared a state of emergency due to the impact of the epidemic, copper mine production has been affected to a certain extent, the supply interference rate at the mine end has increased, and the domestic electrolytic copper continues to destock, which basically supports the recent copper price
.

But on the other hand, the global epidemic has not yet shown a significant turning point, the epidemic has a significant impact on overseas economic life, is expected to have a greater impact on domestic export business, copper prices after the recent obvious rebound, continue to rush up or limited, short-term beware of copper prices rush back down risk
.

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