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    Home > Chemicals Industry > New Chemical Materials > July 14 Copper Market Morning Review

    July 14 Copper Market Morning Review

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    Copper market morning comment: Yesterday's copper price fell again, and the price bottomed out at night, reaching 54750 yuan / ton
    .

    The US CPI in June hit a 40-year high of 9.
    1% year-on-year
    .
    Biden called inflation data outdated and did not adequately reflect the decline
    in gasoline prices.
    The market expects the Fed to raise interest rates by more than 70% in July, and the 2-10-year US Treasury yield curve has inverted
    most severely since 2000.
    Shanghai premium rebounded to 175 yuan, downstream began to increase procurement, spot tightened
    .
    Technically, copper prices broke and rebounded, and short-term attention was paid to whether 50,000 could stand
    .

    At the end of July, the Fed interest rate meeting, the sudden tightening of the domestic epidemic has put greater pressure on the market, whether domestic or foreign in full calculation of the impact of bearishness, at this time the fundamentals in the macro guidance has become a market booster, copper prices or the current price low shock through this stage
    .

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