echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > January 6 Copper Market Morning Review

    January 6 Copper Market Morning Review

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Copper market morning comment: London copper fell slightly yesterday, the main contract of Shanghai copper closed lower overnight, LME copper stocks fell by 1775 tons to 86950 tons; Copper decreased by 100 tonnes to 6,855 tonnes
    in the previous period.
    Macro is mixed, with fundamentals supporting
    .

    Copper City

    At the macro level, the epidemic in Europe and the United States has intensified again, which may affect market sentiment; The marginal trend of domestic monetary policy is obvious, and PMI data shows that the prosperity has rebounded
    .
    US ADP employment rose by 807,000 in December, significantly beating expectations and increasing investor confidence
    that the Federal Reserve will ease interest rates this year.

    On the supply side, the recovery of TC slowed down, refined copper production rebounded, copper scrap tightened somewhat, and the price spread of refined scrap was flat
    .
    On the demand side, domestic weekly inventories increased, and premiums rebounded
    after the holiday.
    Weekly overseas inventories decreased slightly, and spot premiums were positive
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com 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 service@echemi.com. 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 service@echemi.com. It will be replied within 5 days.

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