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    Home > Chemicals Industry > New Chemical Materials > October 24 London Copper Afternoon Review

    October 24 London Copper Afternoon Review

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
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    Yesterday's European and American hours, in the afternoon, London copper still maintained a wide range below the daily moving average, trying to touch 6200 US dollars / ton, but failed, in the evening, the US index broke through the 96 mark again, short into the market to increase positions, London copper's center of gravity quickly moved down, during the copper price tried to recover the decline, but immediately fell to the lowest level of 6148 US dollars / ton, then the US index fell, the end of the session copper price climbed again to a high of 6207 US dollars / ton, the evening close 6183 US dollars / ton
    .

    London copper

    US President Trump: The Democratic Party's statement that it will set off a "blue wave" in the midterm elections has faded, and the Republican Party will get good seats
    in the Senate and House of Representatives.
    Germany: September PPI y/y 3.
    2% expected vs.
    3.
    1% prior
    .
    As the US midterm elections approached, investors were more wait-and-see, and the dollar weakened overnight after rushing higher, but it remained high
    .
    At the same time, Saudi Arabia's announcement of an increase in production caused crude oil to plummet, dragging down commodities as a whole
    .

    In the short term, before the US midterm elections, the Sino-US trade dispute is likely to release easing signals, and the reduction of macro concerns is good for copper prices
    .
    The risk lies in the bearish peripheral stock market
    .

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