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    Home > Chemicals Industry > New Chemical Materials > October 27 Shanghai copper brief commentary

    October 27 Shanghai copper brief commentary

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Today's Shanghai copper fell again, and the surrounding metal linkage expanded its decline in the afternoon, and the main 2102 contract of Shanghai copper closed at 70560, down 1450, or 2.
    01%.

    Shanghai copper

    The National Development and Reform Commission issued 15 documents in 8 days "Three Brothers of Coal" fell again, and policy regulation such as increasing coal production and stabilizing prices once again suppressed market speculation, and the news of non-ferrous metal production restrictions also weakened, and copper prices fell back to near
    the previous shock range.
    The tightening of the Fed's policy is approaching in November, and the follow-up attention is paid to the guidance of the US dollar; At present, low inventories support copper prices to resist declines, but the trend is still downward, and Shanghai copper is expected to test the 70,000 mark at night, and the upstream and downstream of the operation can be stocked on demand
    .

    From a fundamental point of view, the strike in Peru this week will interfere with the mine end, and in the current situation of continued high energy prices, it is not ruled out that the subsequent interference will intensify
    the mine end.
    In terms of consumption, market transactions continue to be light, and downstream stops and watches, and there is little willingness to purchase
    .

    Overall, the energy crisis and inflation continue, and the interest rate decisions of the three major central banks and the US inflation data have become the focus
    of market attention this week.
    The National Development and Reform Commission continued to deal with coal, and the sharp fall in coal prices dragged down copper prices in overnight trading, and it is temporarily maintaining its judgment
    on the relative neutrality of copper prices.

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