echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > A brief review of Shanghai copper on September 8

    A brief review of Shanghai copper on September 8

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Today's Shanghai copper first rose and then suppressed, maintaining a volatile trend during the day, closing the Shanghai copper main 2110 contract closed at 68680, down 650, or 0.
    94%.

    Shanghai copper

    Copper prices have remained weak in the near future due to the continued strengthening of the US dollar index to suppress non-ferrous metal prices, and are still suppressed after a slight rebound within the day
    .
    At present, the spot market is affected by the bonded area electric copper inflow and copper overnight price difference traders sell, the short-term increase in the supply side corresponds to the weak consumption side, forming a fundamental price weakness, but it is worth noting that the current is still in the traditional copper industry peak season, market confidence still remains, the recent Shanghai copper maintained a range shock pattern, it is expected that the night market may fall, pay attention to the 6.
    85-70,000 mark volatility
    .

    In terms of fundamentals, the current TC price continues to rise, coupled with the rumors of domestic storage dumping, so the supply side has a more negative impact on copper prices, while on the demand side, copper varieties have not been accumulated immediately after entering the off-season, and the future market needs to continue to pay attention to the emergence
    of inventory inflection points.

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.