November 9 Copper Market Afternoon Review

Eurozone retail sales -0.
6% y/y in September vs -1.
3% expected vs -2.
00%
prior.
Passenger car retail sales in China increased by 7.
2%
year-on-year in October.
300 new orders for domestic large aircraft C919; The four departments issued the implementation plan
for carbon peaking in the building materials industry.
Some economic data in the United States was not good, European Central Bank officials emphasized interest rate hikes, the dollar continued to fall overnight, the euro rose sharply, and non-ferrous metals rose
across the board.

Overnight, London copper rebounded after stepping on the 5-day moving average to close at $8,054, and U.
S.
copper opened
slightly higher today.
Shanghai copper opened high and closed high in the night, closing at 66340.
Shanghai copper trading positions are rising, and market sentiment is more optimistic
.
After the National Day, copper supply and demand improved, and global inventories were low
.
Macro expectations are stable, and copper prices may continue a moderate rebound trend
in the medium term.
Shanghai copper upper pressure 68000, lower support 63500
.
International copper fell to 1390 points compared with Shanghai copper, and the external price was significantly higher than that of the internal disk
.