echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > August 10 Shanghai copper morning review

    August 10 Shanghai copper morning review

    • Last Update: 2022-12-06
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Overnight, the main force of Shanghai copper 1710 opened high and low, opened at 51210 yuan / ton, and fluctuated around 51250 yuan / ton at the beginning of the session, and then the long profit took and followed the external market all the way down to the lowest 50730 yuan / ton, closing at 50850 yuan / ton, and the position decreased by 12330 hands to 246,000 lots
    .

    Shanghai copper

    In terms of the market, as of 2017-8-9, the spot price of 1# copper is 50820 yuan / ton, up 370 yuan / ton from the previous day, and the discount of 100 yuan / ton compared with the recent month contract, Shanghai copper continues to rise, some buyers and sellers are trapped, the morning market has no choice but to appear premium quotations, especially good copper, but the market is difficult to recognize, spot transactions are significantly suppressed, downstream fear of heights and cautious wait-and-see, yesterday's transaction is still more in the hope of cash arbitrage.

    As expected yesterday, copper prices have a surge back down, at present, copper prices are still in an upward trend, for the time being, there is no signal of a sharp fall, after a short break there is a possibility of continuing to rush higher, but the amplitude will become smaller, need to gradually digest the upper high
    .

    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.