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Copper review: the federal reserve to raise interest rates low expectations copper prices fell to a three month

by:Deyuan      2020-12-25
Abstract: the federal reserve to raise interest rates in June expectations to boost the dollar continued to be strong, London copper fell $38 refresh low nearly three months, the domestic market more than empty are cautiously, Shanghai copper consolidation, this is copper or co. , LTD. ( )

today's copper price analysis and forecast:
a.
in the international market because of the fed's April meeting minutes to the hawks, reversing a weakening tendency of the year by the federal reserve will raise interest rates, the market expectations of higher interest rates in June to boost the recent dollar index continued to be strong, evening London copper prices under pressure, but late to recover some losses, eventually fell 0. 82%, the latest closing price to $4596, refresh low since February 19.

the London metal exchange, according to data released on May 19, 1750 tons of copper inventories increased to 158600 tons. Cancel the LME copper warehouse inventory than 19. 91%.

2. Domestic market
Shanghai copper low open today, 1606 contracts opened the current month of 35190 yuan, down 130 yuan, the territory of Shanghai copper contract offer $1606 to $35300 down 20 yuan. Late night Shanghai copper plate bottom rebound, show a more defensive, current news mixed, long-short market are cautiously, short-term Shanghai copper or consolidation is given priority to, now is the spot copper co. , LTD.

hot financial information
1. Always dove of the New York fed President William Dudley said on Thursday, as long as the future data back on track as expected, the federal reserve recovery rate in summer is appropriate, but June is the site meetings; Very satisfied to see the market on the fed hike expectations rise in June and July, after the market price is too low; The fed will consider Britain withdrew his influence. Dudley is the only place the fed chairman has a permanent right to vote.

2. The UK from 1 April retail sales. 3%, 0. 6%, before the value from 1. Revised to - 3% 0. 5%; Compared with the 4. 2, 3% expected. 5%, the first value from 2. 7% correction is 3. 0%. Core retail sales rose 1. 5%, 0. 6%, before the value from 1. Revised to - 6% 0. 7%; Compared with the 4. 2%, 2%, the first value from 1. Revised to 8% 2. 6%.
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