September 8 copper market morning review

At present, the Mid-Autumn Festival stocking sentiment is not obvious, and the industry is generally pessimistic and leads to a lack of willingness to chase high and stock up, but the actual peak season effect is gradually reflected, consumption growth is moderate, price declines attract bargain replenishment, and short-term pullback spot will show strong support
.

With the sharp decline in copper prices, the downstream actively replenished the warehouse, and rigid demand broke out rapidly; The European energy crisis continues, copper smelting is affected, short-term supply is suppressed, spot prices continue to rise, copper prices continue to rebound
.
The continuous rise in prices has led to a strong wait-and-see sentiment downstream, and a number of Fed officials have recently expressed that they continue to tighten to control inflation, which has greatly increased market risk sentiment, and copper prices have retraced, or enter a weak shock pattern
in the short term.