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    Home > Chemicals Industry > New Chemical Materials > January 22 Copper Market Morning Review

    January 22 Copper Market Morning Review

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
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    The copper market remained at a high volatility on Thursday, with better-than-expected U.
    S.
    economic data and a large-scale stimulus in the U.
    S.
    pushing the dollar lower, but the copper market did not react strongly
    enough.
    The Spring Festival is approaching, and the overall consolidation of copper prices is mainly
    .

    Copper City

    Biden took office, the US dollar index has recently fluctuated strongly, and worries about the epidemic have not been lifted, but many macro data released in China have performed well, indicating that the domestic economic recovery is good, which is conducive to the increase in copper demand, and the overall market atmosphere is more optimistic
    .

    At present, domestic copper demand is mainly driven by power investment, and the automobile, home appliance and real estate industries have entered the traditional demand off-season, but in the long run, decarbonization may lead to an increase in copper demand, and the current supply of copper concentrate is still relatively tight, and it is expected that the probability of short-term copper price shocks is high
    .
    It is also recommended to pay attention to the trend of the US dollar and the evolution
    of the epidemic situation.

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