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    Home > Chemicals Industry > New Chemical Materials > June 21 copper market morning review

    June 21 copper market morning review

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    Copper market early comment: Recently, overseas non-ferrous metals continued to pullback, as of the close of the 19th, London copper futures reported 9149 US dollars / ton, down 41.
    5 US dollars / ton, domestic copper and aluminum night trading shock and fall, Shanghai copper futures 2107 contract reported 66910 yuan / ton, down 1.
    36%, short-term prices in the overseas macro tightening and domestic regulation and control strengthening in the state
    of high pullback.
    In the short term, it is mainly
    operated by the idea of high and wide range oscillation.

    Copper City

    In June, the Fed interest rate meeting turned hawkish, saying that two rate hikes are expected by the end of 2023, considering the two years of interest rate hikes after the QE reduction, perhaps the action of debt reduction is in the second half of the year, and the turning point of commodities may be advanced
    .

    Judging from the latest deposit dumping announcement, the deposit dumping method is different from before, and open bidding is implemented, and the details of the price determination mechanism have not yet been determined
    .
    At present, domestic consumption is weak, physical demand continues to weaken, national reserves and reserves will undoubtedly make the domestic electrolytic copper supply more abundant, in the weakening of the macro attribute of copper market expectations, copper prices will fall or increase
    .

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