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    Home > Chemicals Industry > New Chemical Materials > September 16 copper market morning review

    September 16 copper market morning review

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    Copper market morning comment: The main force of Shanghai copper fluctuated downward on Thursday
    .
    At the end of the day, the Shanghai copper main 2210 contract closed at 62220, down 270, or 0.
    43%.

    In the afternoon, the market quickly died, and the trend was highly negatively correlated
    with the US dollar index.

    Copper City

    On the data, the US core PPI rose month-on-month in August to confirm stubborn inflation, and the sharp decline in the monthly rate of industrial output in Europe in July increased the risk of
    recession.
    At present, pessimistic macro sentiment overseas is suppressing copper prices
    .
    Domestic stable growth policies are frequently underpinned, and from a fundamental point of view, high premiums at home and abroad indicate that spot goods are tight, and global explicit low inventories are strongly supported
    .

    From the performance of the Shanghai copper disk, it is basically in line with the expectation of weak shocks, and the main range is 62000-63000
    .
    Watch for guidance on macro sentiment from a number of important US data in the evening
    .

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