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    Home > Chemicals Industry > New Chemical Materials > June 26 Shanghai copper afternoon review

    June 26 Shanghai copper afternoon review

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    Last night, the Shanghai copper index increased its position by more than 9,000 lots, mainly long positions, and the copper price rose to a high of 47,530 yuan / ton, an increase of 0.
    57%.

    Due to Fed officials' remarks in interviews that it is not suitable to cut interest rates sharply, the dollar rebounded by nearly 50 points, coupled with yesterday's call between the leaders of China and the United States to favorable macro sentiment, copper prices as a whole showed a trend of rushing back down
    .

    Shanghai copper

    At present, Fed Chairman Jerome Powell has expressed his wait-and-see stance, and the form of the US dollar interest rate cut is still unclear, which has increased the market's concerns about the economic outlook
    .
    At the same time, the situation in the United States and Iran continues to be tense coupled with a sharp decline in API crude oil inventories, reflecting the increase in macroeconomic vulnerability and uncertainty, although copper prices are stimulated by short-term positive news, but with the approach of the G20 meeting, the market's worries have increased, and copper prices have insufficient momentum to rush up
    .

    Spot today expects the market to increase the proportion of ticket sources next month, and the pressure on enterprises to enter the month-end settlement will increase, and the market will gradually reduce the demand for long-term order delivery, stimulating the selling sentiment
    of cargo holders.
    It is expected that today's Shanghai copper 47100-47600 yuan / ton, spot discount 10-liter 60 yuan / ton
    .

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