echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > October 14 copper market morning review

    October 14 copper market morning review

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Copper market morning comment: London copper rose sharply yesterday, and the main contract of Shanghai copper closed higher
    overnight.
    LME copper stocks minus 3,650 tonnes to 191,600 tonnes; Copper increased by 151 tonnes to 10,185 tonnes
    in the previous period.
    Copper prices are on the strong side, focusing on the pressure
    at the upper edge of the range.

    Copper City

    On the macro front, the US epidemic has slowed economic growth, overheated inflation will cause the Federal Reserve to cancel its easing policy, and the US dollar index will still recover in tangles; Domestic economic data is weak, policy intervention is expected to strengthen marginally, and the countercyclical effect of infrastructure may appear
    .
    On the supply side, TC continues to recover, and refined copper production still increases
    .

    On the demand side, domestic inventories are at a low level, premium is high, and the price spread of refined waste is low, these factors jointly support the demand for
    refined copper.
    At present, power rationing measures have an impact on both upstream and downstream, and it is necessary to pay attention to the changes in inventory after the
    holiday.
    Overseas inventories have also continued to decline
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.