Non-ferrous shock and differentiation

release time:

2022-09-28 15:54

Last Friday night, the US dollar index rose and fell, with colored shocks and differentiation, and copper and nickel rose sharply. London copper was quoted at $6,222, up 1.16%, London aluminum was at $2006.5, down 0.32%, London zinc was at $2,623, down 2.25%, and London nickel was at $12,475, up 1.01%.

The capital market continued its turbulent situation last week. The minutes of the Federal Reserve meeting again turned hawkish. The Brexit negotiations failed to make substantial progress. The Italian budget issue is still pending. The intensified risk-off sentiment on the capital side is difficult to cool down. This week, we need to focus on the US GDP data in the third quarter, and be alert to the resonance of the commodity market caused by unexpected factors. The operation suggests that copper and nickel bulls can enter the market appropriately, and zinc and aluminum temporarily wait and see. (Transfer from: Changjiang Nonferrous Metal Mesh) 1J22 Material Shanghai Kangsheng Aviation Materials

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