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    Home > Chemicals Industry > New Chemical Materials > Shanghai copper afternoon review on May 19

    Shanghai copper afternoon review on May 19

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    Today, Shanghai copper is strengthening again, but it is still not advisable to be overly optimistic
    .
    Positive developments in vaccine development and antiviral research, and improved economic expectations will lead to a recovery in commodity prices, but supply recovery is expected to be faster than demand, and there is uncertainty
    about the upside of copper prices.

    Shanghai copper

    Although the current global epidemic prevention and control is still facing great challenges, Moderna's positive vaccine data and the virus antibodies found by Sorrento Medical have significantly improved the market's expectations for the outlook, which will help the repair
    of commodity valuations.
    In the context of the continuous advancement of rescue plans in various countries and the introduction of heavy documents in China, the impact of favorable factors will be amplified and copper prices will
    rise in the context of expected improvement.

    However, even if the epidemic is controlled, supply will recover faster than demand, so there is still no basis for copper prices to rise sharply, and there is greater uncertainty
    about its upside.
    At present, the pressure on the 46000 line is very large
    .

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