The international situation is tense and the copper price maintains a wide range of volatility [selected from SMM Copper Weekly]

Published: Feb 19, 2022 09:45

Source: SMM

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[selected SMM Copper Weekly: tense International situation Copper prices maintain wide volatility] events between Ukraine and Russia continued to ferment during the week, and at one point it was reported that Ukrainian armed forces fired mortar shells and grenades into the (LPR) region of the Republic of Lugans. affected by this, international oil prices fluctuated sharply, gold prices rose rapidly, highlighting market risk aversion, and copper prices fluctuated briefly as a result.

This week, the "SMM Copper Industry chain Weekly report" was released, and the editor selected hot topics, prices, quotations or major changes in the industry chain and published articles for your reference. Welcome to subscribe to the "SMM Copper Industry chain Weekly report" to learn more.

The following is an excerpt from the weekly report of SMM copper industry chain:

During the week, the Ukrainian-Russian incident continued to ferment, and it was once reported that the Ukrainian armed forces fired mortars and grenades into the (LPR) region of the Republic of Lugans. affected by this, international oil prices fluctuated sharply, gold prices rose rapidly, highlighting market risk aversion, and copper prices also fluctuated briefly. From the overall macro situation, the market is still focused on the Fed's actions, the Fed released the minutes of the FOMC meeting this week did not release more hawkish signals, the market still has some differences on raising interest rates in March 25bp or 50bp, and market sentiment is expected to stabilize during the recent data vacuum. Domestic CPI and PPI year-on-year growth rates are narrowed, CPI is expected to maintain a moderate rise, PPI growth rate further fell, to maintain a stable operation of prices, is the basis of domestic macro efforts in the later stage. Therefore, in the case of tight policies on the outside and loose on the inside, copper prices may return to the volatile market in the short term.

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