echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > June 10 Copper Market Afternoon Review

    June 10 Copper Market Afternoon Review

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Copper market afternoon comment: the dollar index rebounded to put pressure on the market, overnight London copper shock closed down $44, South American mine interference persisted, the rapid growth of global new energy vehicles to drive demand, copper is expected to rise
    today.

    Copper City

    Biden lifted his ban
    on TikTok and WeChat.
    The use of overnight reverse repurchase tools in the United States exceeded $500 billion for the first time, indicating that the US market still has a large demand for funds, and the United States is likely to continue the current easing policy
    .
    The dollar tumbled overnight, and non-ferrous metals rose
    slightly.
    Tonight, the United States will release important data such as CPI, which may cause greater market volatility
    .

    Overnight, the copper bottomed out and closed below $10,000 again, opening slightly higher at $9,985 today
    .
    Shanghai copper opened low and rose to close Xiaoyang in the night session, closing near the 5-day moving average at 71780
    .
    Shanghai copper trading positions are declining, and market sentiment tends to wait and see
    .
    Copper prices have initially received support around the 60-day moving average/70,000 points, but the rebound momentum is insufficient, and the market has a strong wait-and-see attitude, which may continue the volatile market
    .
    Shanghai copper upper pressure 75000, lower support 70000
    .
    Today's international copper premium fell slightly to 382, and the internal trend was stronger
    .

    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.