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    Home > Chemicals Industry > New Chemical Materials > April 11 Shanghai copper morning review

    April 11 Shanghai copper morning review

    • Last Update: 2022-12-09
    • Source: Internet
    • Author: User
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    Boosted by the sharp rise in crude oil, London copper and Shanghai copper main force rose together overnight, from a technical point of view, London copper broke through the 40-day moving average and 60-day moving average upward, and today's opening also stood above
    the 60-day moving average.
    The main force of Shanghai copper is between the 20-day and 40-day moving averages, and the upside is wide.

    It is expected that today's London copper 6930~6990 US dollars / ton, Shanghai copper main force 51000 ~ 51500 yuan / ton
    .
    In terms of spot, with the further rise of the market, the willingness of holders to hold up the price has not decreased, and the willingness to receive goods may be improved, and it is expected that today's spot price will be reported at a premium of 20~70 yuan / ton
    .

    Shanghai copper

    Xi Jinping's four measures fully responded to the Trump administration, and then the White House also said that it opened the door to trade negotiations, the trade issue between China and the United States is not far from formal negotiations, the two sides are likely to end the trade dispute with peace talks, the market risk aversion cooled, and non-ferrous metals returned to fundamentals
    .

    Copper mine supply shortage, copper concentrate TC floor price in the second quarter has fallen to a low of 78 yuan / ton, and new energy led by emerging demand is gradually rising, copper supply and demand is expected to be good, coupled with short-term demand recovery to ease inventory pressure, copper price rise probability is greater, so it is recommended that Shanghai copper light warehouse test long, the stable in May, June positive set of combination continue to hold
    .

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