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    Home > Chemicals Industry > New Chemical Materials > Brief review of Shanghai copper on April 15

    Brief review of Shanghai copper on April 15

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    Today's Shanghai copper volatility rose
    .
    At the end of the day, the main 2106 contract of Shanghai copper closed at 68040, up 1750, or 2.
    64%.

    Shanghai copper

    On the macro front, the overseas epidemic is still serious, especially in some emerging countries; The Fed's Beige Book raised the US economy, Powell reiterated his "dovish" stance, US bonds were sought after yields fell, and the dollar continued to weaken; Domestic currency growth has slowed down, but the recovery + inflation logic is still supported
    .

    On the supply side, the supply and demand between mining and smelting are still in a tight pattern, but the output of refined copper and the import of scrap copper have increased significantly
    .
    On the demand side, domestic inventories showed signs of turning around, spot premiums rose slightly, and foreign inventories were still increasing
    .
    The traditional peak season of the copper market is coming, consumption has not been completely repaired, we should continue to observe the rhythm
    of consumption recovery.

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