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Copper prices oversold and rebounded in the later period is still dominated by pressure operation
Time of Update: 2022-12-25
In terms of consumption, due to the continuous decline in copper prices, the enthusiasm of some downstream enterprises to purchase has rebounded slightly, and the market premium quotation has also risen, but the improvement in demand is not very significant.
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August 17 Copper Market Morning Review
Time of Update: 2022-12-25
Copper CityAccording to SMM research, Zhejiang and Anhui smelters are currently reducing production due to power cuts, which will put pressure on the expected growth of electrolytic copper production in August, in the context of the current low domestic copper inventory, supply disturbances have some support for copper prices, last week's copper stocks increased by 7,043 tons to 41,800 tons.
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Copper prices fluctuate greatly, and downstream enterprises are cautious in purchasing
Time of Update: 2022-12-24
This shows that the current situation of high inflation due to the mismatch between supply and demand is difficult to change in the short term.
This shows that the current situation of high inflation due to the mismatch between supply and demand is difficult to change in the short term.
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The social treasury continued to fall and copper prices rose in shock
Time of Update: 2022-12-23
9-10: The average price of electrolytic copper in Foshan in Nanchu: 70030 yuan, up 1160, the monthly discount quotation: 50 to 50, down 5.
9-10: The average price of electrolytic copper in Shanghai of Nanchu: 70040 yuan, up 1180, the monthly discount quotation: 40 to 80, up 15.
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Copper prices fell first and then rose, maintaining a high-level shock pattern in the short term
Time of Update: 2022-12-22
Copper pricesOn the macro front, the spread of the new crown variant in China continues, and the lockdown in many places in China has brought about a decrease in industrial demand.
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Copper inventories or accelerated destocking give strong support to copper prices
Time of Update: 2022-12-21
As of the end of February, the total global electrolytic copper inventory (SHFE, LME, COMEX and bonded warehouse) was about 600,000 tons, down more than 30% year-on-year, hovering at a historical low.
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January 8 copper market morning review
Time of Update: 2022-12-20
Copper CityThe macro atmosphere continued to improve, the US Democratic Party won control of the Senate, the market expected further stimulus policies in the US in the future, the market sentiment improved, and the dollar index continued to run weakly.
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January 8 copper market morning review
Time of Update: 2022-12-20
Copper CityThe macro atmosphere continued to improve, the US Democratic Party won control of the Senate, the market expected further stimulus policies in the US in the future, the market sentiment improved, and the dollar index continued to run weakly.
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The dollar continues to fall and LME copper hits new highs
Time of Update: 2022-12-19
London Metal Exchange (LME) copper futures hit their highest level since mid-2018 on Friday as the dollar continued to fall, while falling inventories suggested demand for copper was picking up steadily.
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August 17 Shanghai copper afternoon review
Time of Update: 2022-12-19
Shanghai copperIn terms of industry, copper mine production in South America is recovering, Chile resumes operations and projects suspended due to the epidemic, and Codelco's Chuquicamata copper mine processing capacity will be rapidly improved; In Peru, mining production rebounded sharply in June, with community road closures resolved and copper mine transportation problems alleviated.
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Bears continue to increase their positions, and short short departures drive copper prices to rebound
Time of Update: 2022-12-18
In terms of external trading, Apan Lun copper opened at 5223 US dollars / ton, and after the opening of Shanghai copper, London copper short-term rushed to the highest point of the day of 5235.
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November 15 Copper Market Brief Review
Time of Update: 2022-12-17
The average price of electrolytic copper in Shanghai in Nanchu: 47020 yuan, down 20, the monthly discount quotation: 130 to 150, up 10.
The average price of electrolytic copper in Shanghai in Nanchu: 47020 yuan, down 20, the monthly discount quotation: 130 to 150, up 10.
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The center of gravity of copper has fallen, and the upward pressure is still large
Time of Update: 2022-12-17
In terms of external trading, Apanlon copper opened at 5856 US dollars / ton, and the copper price in the Asian session basically held steady at 5850 US dollars / ton, and the short-term test was 5860 US dollars / ton during the period.
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Brief review of the copper market on December 5
Time of Update: 2022-12-17
Copper prices once again fell below 47,000 yuan / ton as a whole, which was favorable for downstream buying, and the willingness of holders to hold prices continued to rise, and the flat water copper premium gradually rose from +130 yuan / ton at the opening to +150 to +160 yuan / ton before the end of the first quarter of trading.
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Market pessimism heats up, and the main shock of Shanghai copper fell slightly
Time of Update: 2022-12-16
In terms of spot, the market basically maintained the previous day's quotation, traders are interested in buying near Pingshui, if there is a low-priced source of goods can still attract traders to buy, downstream enterprises maintain rigid demand.
