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    Home > Chemicals Industry > New Chemical Materials > October 8 copper market morning review

    October 8 copper market morning review

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Copper market morning comment: copper prices bottomed out during the National Day period, and copper closed at $9306 overnight, up 2.
    41%.

    Compared with the slight rise before the holiday, it is expected to drive Shanghai copper to open slightly higher in early trading, with a pressure level of 9400
    .

    Copper City

    The US government shutdown fears were suspended, the dollar fluctuated, and the metal rose, and as of 9:45, Shanghai copper rose 1.
    75%.

    The black series retreated after rising in early trading, giving up some gains, but still recorded gains
    .
    The outside market did not rise as much as the internal market, but it still rose
    across the board.

    During the last period of the National Day market break, oil prices rose sharply, London copper bottomed out again, and Shanghai copper was driven to open higher in
    early trading.
    From a technical point of view, the pressure level of London copper is 9,400 US dollars, the main force of Shanghai copper is around 69,800, and the short-term is expected to rush back down, and the operation of the upper merchant to reduce its holdings, the downstream will wait and see
    for the time being.

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