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    Home > Chemicals Industry > New Chemical Materials > Brief review of Shanghai copper on October 25

    Brief review of Shanghai copper on October 25

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Today's Shanghai copper first rose and then suppressed, rebounded slightly and then converged some gains, closing the Shanghai copper main 2112 contract closed at 72110, down 50, or 0.
    07%.

    U.
    S.
    inflation data hit a recent high, Powell's attitude towards interest rate hikes changed, and the decline in the dollar index released pressure
    on non-ferrous metals.
    The pressure of low copper inventory has been reduced, market confidence has been transformed, the current copper market is still in the shock range, it is expected that Shanghai copper will maintain a range shock market overnight, or there will be a slight downward adjustment to stabilize, pay attention to the technical pullback after
    this round of rise.
    Pay attention to the pressure level above 73,000
    .

    Shanghai copper

    From a macro perspective, the Fed's Powell's speech has played a certain role
    in suppressing the entire non-ferrous metals.
    He said the Fed would raise interest rates if it saw serious risks to rising inflation expectations, and now was the time to
    taper its bond purchases.

    Fundamentally, it is understood that the operating rate of copper midstream and downstream enterprises is still insufficient last week, and the rapid rise in copper prices has led to a greatly reduced willingness to purchase, but with the fall of copper prices, the start of the factory will recover
    .
    Strategically, Powell's speech basically confirmed the arrangement of debt reduction in November, and the risk event has probably landed, and the fundamentals are expected to rebound as the end of the year approaches, and it is recommended to go long
    on dips.

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