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    Home > Chemicals Industry > New Chemical Materials > July 2 copper market morning review

    July 2 copper market morning review

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
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    Copper market morning comment: overnight London copper rushed back down slightly higher, opening sharply higher at $6,094 today
    .
    After the daily rise of Shanghai copper, the night session opened low, the shock closed Xiaoyang, closed at 49180, Shanghai copper trading positions rose slightly, the internal market wait-and-see sentiment was stronger
    .

    Copper City

    Shanghai copper continued the technical bull market on Wednesday, the price further strengthened during the day, the domestic Caixin manufacturing data in June warmed up to a new high in nearly three years, the industrial recovery coupled with the Chilean concentrate supply disturbance to promote copper prices, and downstream industrial demand for automotive copper increased, downstream copper processing industry recovered to the same period of previous year production level, there is still expected
    to recover.

    At present, the upper pressure level of the main force of Shanghai copper has been extended to around 49,500, and the overall price center of gravity has maintained an upward shift, and the upper space may be around
    50,000.
    The night session is close to the upper pressure level or there is a slight shock to stabilize, and there is still a possibility
    of maintaining a strong trend in the short term.

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