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

    August 11 Shanghai copper morning review

    • Last Update: 2022-12-06
    • Source: Internet
    • Author: User
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    Overnight, the main force of Shanghai copper 1710 opened at 50690 yuan / ton, after the opening copper price turned sharply down, continuously broke through five or ten moving averages down to 50120 yuan / ton, and then stopped falling slowly repaired to 50500, but the end of the session pulled down again and finally closed at 50330 yuan / ton, the position changed little to maintain 238,000 hands
    .

    Shanghai copper

    In terms of the market, as of 2017-8-10, the spot price of 1# copper is 50630 yuan / ton, down 190 yuan / ton from the previous day, and the premium of 180 yuan / ton compared with the near-month contract, the market quotation is relatively stable, because the good copper goods are less quoted near the flat water, the price pressure space is limited, the proportion of imported copper in the supply of flat water copper is gradually increasing, the willingness of the holders to exchange cash is strong, and the price difference with good copper is widened, the wet copper buying is stable, the overall market performance is flat, the quotation is more loose, and the transaction difficulty has been greatly improved.
    The atmosphere of caution remains strong
    .

    At present, the upward momentum of copper prices is weakened compared with the previous period, and there is a certain space for correction below, and the short-term volatility remains high
    .
    It is expected that today's London copper range is 6380-6430 US dollars / ton, and the internal range is 50050-50550 yuan / ton.
    In terms of spot, the market transaction enthusiasm is poor, and the premium is expected to change little, maintaining a discount of 50-10 yuan / ton
    .

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