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    Home > Chemicals Industry > New Chemical Materials > Shanghai copper afternoon review on August 25

    Shanghai copper afternoon review on August 25

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
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    On Monday, Shanghai copper opened low and closed slightly lower in overnight trading, closing above the 20-day moving average at 51320
    .
    Shanghai copper trading fell and positions rose slightly, the market wait-and-see sentiment was strong, and the trend of Shanghai copper was weaker than that of London copper
    .
    Shanghai copper may continue to oscillate
    around 51000 in the short term.
    The future market is vigilant against the development of
    Sino-US relations.
    The upper pressure of Shanghai copper is 52000, and the lower support is 48000
    .

    Shanghai copper

    Trump said he could bypass existing regulations and approve some of the new crown vaccines into clinical trials
    in advance.
    U.
    S.
    officials said a "complete decoupling" between China and the United States remained one of the
    policy options.
    The market has strong confidence in the US economy, the dollar rose overnight, and non-ferrous metals fell back to close up
    across the board.

    The halt in the fall of the dollar index slowed macro support as markets focused on Powell's comments on the monetary policy framework assessment at Thursday's
    global central bank meeting.
    In the copper market, LME stocks fell below 100,000 tons, and the premium fell from 25 to $17, but the domestic supply was oversupply, consumption was insufficient, and the import loss expanded to 700 yuan, and the copper market was difficult to form support, and the copper market was inclined to enter a pullback mode, temporarily short.

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