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    Home > Chemicals Industry > New Chemical Materials > June 22 copper market morning review

    June 22 copper market morning review

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    Copper market early comment: overnight copper prices are running strongly, the main 2207 contract closed at 68600 yuan / ton, up 0.
    84%.

    In the short term, the macro will face the impact of copper prices or pause, but the overall pressure is under the pressure of high inflation Fed interest rate hikes and global economic downturn; And the pressure on copper supply in the second half of the year will also begin to be reflected, and it is expected that copper prices will be difficult to get rid of the downward trend
    .

    Copper City

    Last week's copper stocks increased by 3,784 tons to 55,237 tons, Shandong's previously suspended refineries resumed production, superimposed logistics recovery arrival increased, and subsequent domestic copper stocks may continue to accumulate.

    Recently released economic data show that domestic infrastructure investment from January to May increased by 8.
    16% year-on-year, slightly lower than the 8.
    26% in April, and it is expected that under the stimulation of the domestic stable growth policy, coupled with the improvement of the epidemic, follow-up infrastructure investment will still show high growth, thereby boosting some copper consumption; However, real estate investment is still weak, and under the drag of real estate, copper consumption is difficult to perform well
    .

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