Shanghai copper bearing high rushed down demand in China as the key
Shanghai copper dropped confined high demand from China into a key atltech P Shanghai copper dropped confined high demand from China into a key performance review: yesterday in Shanghai high rushed down small Yang, open, high, low, close, up from the previous day, gains.
Copper shock slump in, closing points, down from the previous day.
COMEX copper main months shock slump, closing.
Macro aspect, tumbled yesterday A shares market panic, commodities with lower.
Overnight the us durable goods orders data, good market prospects remained bullish on the fed raising interest rates.
The weak global economic situation is still in turmoil, for main melody, and differentiation.
Market, the days of the spot copper prices rose slightly, the shipper's price is rised, copper discount now slightly expanded, part of middlemen to market the goods, but find low-cost supply of goods, the downstream also still did not see obvious buy quantity, clinch a deal market as a whole remains poor, see-saw between supply and demand is obvious.
After the Spring Festival, the traditional peak season on the downstream consumption, is expected to peak season difficult.
Overall, global economic growth is slowing, risk factors;
The fed's interest rate will gradually return to normalization, long-term interest rates expected to adversely non-ferrous metal;
Weak demand is still a dominant factor of non-ferrous metal prices under pressure, China's demand as the key.
After the Spring Festival, the traditional peak season factors, non-ferrous metals continued weak rebound, highly limited.
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