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    Home > Chemicals Industry > New Chemical Materials > January 13 Shanghai copper brief commentary

    January 13 Shanghai copper brief commentary

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
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    Today, Shanghai copper stabilized operation, closing the Shanghai copper main 2102 contract at 58780, up 420, or 0.
    72%.

    Yesterday, Fed officials believed that it was too early to adjust asset purchase measures, and the US index fell, boosting Shanghai copper to recover slightly, but the market still has some concerns about the development of the epidemic years ago, and the recent slowdown in Shanghai copper growth, mainly high.

    Shanghai copper

    In the spot market, traders are mainly wait-and-see, downstream bargain hunting, and transactions have improved slightly
    .
    The market is pessimistic, non-ferrous metals are generally downward, the traditional consumption off-season is coming, and the demand side may weaken marginally
    .

    Due to epidemic concerns and changes in stimulus policies, copper prices fell sharply at the beginning of the week
    .
    For the later trend of copper prices, the long-term trading logic of the market is still dominated by macro, and the economic recovery is expected to be strong after the promotion and use of vaccines, and under the stimulus policy, the currency continues to be loose, and copper prices are still expected to rise
    .
    In the short term, due to the year-end effect, demand has gradually weakened, coupled with the increase in epidemic worries, copper prices have sought support
    downward.

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