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    Home > Chemicals Industry > New Chemical Materials > April 18 Shanghai copper afternoon review

    April 18 Shanghai copper afternoon review

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    Overnight, the main 1906 contract of Shanghai copper opened at a high of 49840 yuan / ton, after the opening of the bulls actively entered the market, copper prices soon touched the high of 50080 yuan / ton, after the short-term high, copper prices all the way to the performance of the pullback, the end of the session low of 49470 yuan / ton after a recovery, closed at 49680 yuan / ton
    .

    Shanghai copper

    Spot has shown a stalemate yesterday afternoon, today's market has risen, it is expected that the holder will continue to raise less space, but due to the centralized maintenance of smelters, the current market supply is gradually tightening, making the premium firm.

    It is expected that today's Shanghai copper 49450-49800 yuan / ton, spot premium 30-liter 130 yuan / ton
    .

    China's economy reversed the momentum of last year's quarter-by-quarter decline, with a year-on-year growth rate of 6.
    4% in the first quarter slightly exceeding expectations, obvious signs of stabilization, and investment and consumption growth both rebounded; China's industrial value added rose 8.
    5% year-on-year in March, hitting a new high in more than four and a half years, and investors are optimistic about the demand side, expecting spot copper prices to rise
    slightly today.

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