Company Details

Wuxi Zhenzhe Electric Power Technology Co.,Ltd [Jiangsu,China] Business Type:Manufacturer , Trade Company Main Markets: Worldwide Exporter:81% - 90% Certs:GB, ISO9001, Test Report, TUV, BRC, BSCI, COS, ACS, API, ASME, CE, GS, FCC, RoHS

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Copper price jumping a lot

2022-07-08

In May, domestic funds were obviously loose, and the domestic economic situation improved significantly. In June, the official manufacturing PMI returned to above 50 to 50.2, and the Caixin manufacturing PMI rose sharply to 51.7.

Driven by the automobile industry, the domestic manufacturing industry recovered sharply and returned to the expansion range. Consumer prices in the United States continued to rise, and high inflation had a greater negative impact on American residents. However, the total amount of consumer spending in the United States was lower than expected, and the risk of stagflation increased significantly.

On the European side, the Russian-Ukrainian conflict and sanctions against Russia have led to continued division within Europe. In terms of energy and carbon-related policies, there are obvious differences within the EU.

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