On September 23, Guo Lianhui | ANZ Bank analysts wrote in a report that copper prices rose slightly in early Asia trading due to the continued positive sentiment after the Federal Reserve's interest rate cut last week. They stated that a significant 50 basis point rate cut may indicate a weak economic condition, but recent data, including US unemployment data, has strengthened expectations of a moderate slowdown in the world's largest economy. They added that there have been signs of improvement in China in recent weeks. They stated that the premium for imported copper has risen to the highest level since the beginning of this year, while ShanghaiFutures Trading Commission (CFTC)'s latest data shows that investors are significantly reducing their net short positions in US soybean, corn, and wheat contracts, easing bearish sentiment in the market.Inventory in Shanghai has been decreasing.
美联储降息后铜价亚洲早盘走高 经济温和放缓预期与中国向好迹象并存
After the Fed cut interest rates, copper prices in Asia's early trading rose. The expectation of mild economic slowdown coexists with positive signs from China.
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