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Today's Shanghai copper opened low and rebounded strongly, retracting most of the holiday declines, and the Shanghai copper main 2110 contract closed at 68780, down 620, or 0.
89%.
The turmoil in overseas markets during the Mid-Autumn Festival drove copper prices to a new low in recent times, and Shanghai copper has now converged most of its decline and returned to the early shock range of
6.
85-70,000.
On the news, the Evergrande incident spread, and the sharp earthquake in the domestic real estate industry affected the market's concern
about copper terminal demand.
Coupled with the imminent minutes of the Federal Reserve meeting, the market wait-and-see sentiment has increased, and the momentum of Shanghai copper has weakened
after entering the shock range.
At night, the Fed news is about to land, pay attention to copper price fluctuations, and the fundamentals are expected that Shanghai copper will maintain a range-bound market, or stabilize the market
.
Pay attention to the situation in the range of 6.
85-70,000
.
In operation, the merchant can ship appropriately, the downstream stocking is mainly wait-and-see, and the customer who has taken the goods in the morning waits for the news to
land.
