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Trade Service
Copper market morning comment: London copper rose slightly yesterday, and the main contract of Shanghai copper closed down
.
LME copper stocks were 78,575 tonnes, down 1,125 tonnes; Copper in the previous period increased by 3095 tons to 60020 tons; The warehouse of Shanghai Free Trade Zone was 418,000 tons, a decrease of 01,000 tons
.
The chairman of the Federal Reserve said that quantitative easing will be maintained, Biden's new round of relief bill implementation schedule is approaching, and the overseas epidemic situation has improved significantly; The top leaders of China and the United States called, Biden released goodwill, these macro factors are expected to ferment, and the prospects for economic recovery are better
.
On the other hand, Chile and Peru are not smooth transportation, the supply has a certain dry burning in the short term, LME copper stocks have also continued to decline, although the domestic inventory level has increased slightly, but compared with the same period of previous years, the overall accumulation is low, copper prices may remain strong
.
In terms of stocks, LME copper stocks were 78,575 tonnes on 25 February, down 1,125 tonnes
.
The copper stock in the previous period was 60,020 tons, an increase of 3,095 tons
.
