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    Home > Chemicals Industry > New Chemical Materials > June 25 copper market noon review

    June 25 copper market noon review

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    Copper market afternoon commentary: dragged down by US inflation concerns, London copper closed down $30 overnight; Yesterday's London copper inventory soared 20% to a new high in nearly a year, downstream demand slowed, copper prices under pressure, and copper prices are expected to rise or fall limited
    today.

    Copper City

    ICBC raised the interest rate of housing loans in Guangzhou again, the first set of 5.
    55%.

    U.
    S.
    jobless claims for the week ended June 19 were 411,000, compared with 412,000 in the previous month and 380,000
    expected.
    Biden announced a bipartisan agreement on infrastructure issues, totaling about $1.
    2 trillion
    .
    Overnight, U.
    S.
    employment data was less than expected, Biden's infrastructure plan is expected to pass, market sentiment remained good, and most non-ferrous metals rose
    .

    Overnight, London copper bottomed out to close the doji, opening slightly higher at $
    9474 today.
    Shanghai copper opened higher and closed in Zhongyang, closing at 68940
    .
    Shanghai copper trading positions fell slightly, and market sentiment was biased towards
    neutrality.
    The short-term copper price trend is mainly affected by inflation expectations, market sentiment has improved this week, short-term stabilization, and shock rebound
    .
    Technically, there is strong support for the medium-term trend line below 65000-66000
    .
    Shanghai copper upper pressure 70000, lower support 65000
    .
    Today's international copper premium rose to 442 points, and the external market sentiment continued to improve
    .

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