echemi logo
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > January 3 copper market morning review

    January 3 copper market morning review

    • Last Update: 2023-02-02
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit

    Copper market morning comment: London copper fell slightly last week, and the main contract of Shanghai copper closed higher
    Macro expectations were positive, demand was weakening, and copper prices were under pressure

    Copper City

    At the macro level, the US interest rate hike expectations have not changed significantly, the economic data is in line with expectations, and the US dollar index is running weakly; Domestically, economic data fell month-on-month in December, and as the impact of the epidemic weakened, the economy is building a bottom and is expected to improve

    On the supply side, there are still disturbances on the mine side, and TC continues to fall month-on-month; There was an increase in smelting in October, and a decrease in November and December, and the disturbance of crude copper tension still existed; The import window is closed from time to time, and the import supply is still limited; The supply of copper scrap continues to be tight
    Domestic demand, high copper prices to suppress consumption, coupled with the entry into the consumption off-season, the overall consumption is good, and the demand for pre-holiday reserve may be supported
    Domestic and foreign inventories rebounded month-on-month, or entered the accumulation stage

    This article is an English version of an article which is originally in the Chinese language on and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to with relevant evidence.