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December 2 copper market noon review

 Last Update: 2022-12-20
 Source: Internet
 Author: User

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Copper market afternoon comment: European and American manufacturing production maintained growth, overnight London copper strong closed up $134, the current Chinese import window open, and smelter maintenance to reduce production will be at a high level, today copper is down
.

Copper City

Overnight, copper opened higher and continued to rise to a new high of $7,743, and U.
S.
copper opened
slightly lower today.
Shanghai copper fell back in overnight trading, closing slightly higher at 57340
.
Shanghai copper trading declined, positions rose significantly, and market sentiment remained strong
.
After the short-term adjustment, Shanghai copper still has a chance to rise again, with upper pressure of 58000 and lower support of 55000.

Recently, the domestic copper price has risen significantly, the current import window is open, the imported copper will increase, and the source of goods in the spot market will increase; In the fourth quarter, smelter maintenance was significantly reduced, refined copper production will be at a high level, terminal consumption will be differentiated, and spot copper prices are expected to fall
.

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