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    Home > Chemicals Industry > New Chemical Materials > March 17 Copper Market Afternoon Review

    March 17 Copper Market Afternoon Review

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    Copper market afternoon comment: the dollar fell European and American stock markets strengthened, overnight London copper was shocked to close up 2.
    44%; Peruvian copper mines have been disrupted again and production has been stopped, and more measures will be introduced to stimulate economic growth in the country, and copper is expected to rise
    today.

    Copper City

    Ministry of Finance: There are no conditions for
    expanding the pilot cities of real estate tax reform this year.
    Russia and Ukraine have prepared a conditional ceasefire and withdrawal plan
    .
    U.
    S.
    business inventories recorded a m/m of 1.
    1% in January, the lowest
    since September 2021.
    The Fed raised interest rates by 25 basis points overnight and is expected to raise rates six more times this year, and mentioned discussing lock-in
    at future meetings.
    The Fed's 25 basis point rate hike was in line with market expectations, only one official voted to raise interest rates by 50 basis points, market sentiment was better, the dollar fell sharply, and non-ferrous metals rose
    across the board.

    Overnight, London copper opened high and rose 2.
    44% to close in Zhongyang, and U.
    S.
    copper opened
    slightly higher today.
    After the sharp rise of Shanghai copper yesterday, the night high fell back to close the small negative, closing at 72030.
    Shanghai copper trading positions are down, and the market sentiment is biased towards
    neutrality.
    The short-term rebound of copper prices is general, and the market is still worried about the conflict between Russia and Ukraine, and the short-term may return to the volatile market
    .
    Shanghai copper upper pressure 74000, lower support 71000
    .
    Today's international copper premium rose to 713 points compared with Shanghai copper, and the external market trend was stronger
    .

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