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    Home > Chemicals Industry > New Chemical Materials > Boosted by the sharp rise in copper The spot price of Shanghai copper futures continued to rise

    Boosted by the sharp rise in copper The spot price of Shanghai copper futures continued to rise

    • Last Update: 2022-12-06
    • Source: Internet
    • Author: User
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    Boosted by the sharp rise in London copper, the spot price of domestic Shanghai copper futures rose one after another, which attracted unlimited reverie in the market for a while
    .

    copper

    Affected by the resonance of many factors such as the scrap of 7 types of import bans, the sharp rise in crude oil, and the weakness of the US dollar index, copper prices rose sharply overnight on July 26, and London copper hit a new high in nearly two years, with the highest rush to 6400 US dollars / ton; The performance of Shanghai copper was not to be outdone, and the main contract of Shanghai copper rushed to 50,900 yuan / ton on the day, a daily increase of 3.
    87%.

    China's demand may succeed Trump as a new growth point
    for copper prices in the future.
    Some institutions predict that "Dr.
    Copper" has stood at the "big inflection point" and is currently in the early stage
    of the long-term upward trend of copper prices.

    According to expert analysis, most industry analysts are still cautious about the trend of copper prices in the coming period, believing that copper prices in the third quarter of 2017 have limited
    room for growth.

    Obviously, copper prices have an upward trend of increasing positions and breaking the level, and short-term factors dominate
    .
    In the long run, as the bull market foundation laid by the copper market in 2016 is still solid, the copper market under the weak balance is supported by the strength again
    .

     

     

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