Brief review of Shanghai copper on August 13

In terms of market, Guangdong inventories have declined for eight consecutive days, and the market expects that the market will continue to destock.

To this end, the holders generally shipped at a high price, and in the morning some holders reported flat water copper premium of 200 yuan / ton, but as the basis became a back structure in the next month and expanded rapidly, the enthusiasm of the holders to ship increased, coupled with a large number of good copper warehouse receipts outflow, so that the premium continued to decline, as of 11 o'clock good copper reported 140 yuan / ton, flat water copper reported 140 yuan / ton, wet copper reported 110 yuan / ton, only unchanged yesterday
.
However, considering the problem of monthly difference, it is expected that the premium will show a large premium
state after the moon change.

The US PPI data in April was high, and inflation pressure pushed the US index to suppress the bottom of copper prices overnight, and after a slight rebound within the day, it was mainly
around the 70,000 mark of Shanghai copper.
At present, the news on the Chilean copper mine disturbance increased, fundamental confidence, the domestic July electricity consumption surge has brought rebound support to copper prices, it is expected that the recent Shanghai copper around the range of 6.
9-71,000 oscillations mainly, night attention to the day after the Shanghai copper back 70,000 pressure / support conversion effect
.
Operationally maintain the concept of range operation, currently near the bottom of the range, pay attention to the pressure of 70,000, cargo manufacturers a small number of shipments, downstream stocking wait-and-see, just need to take goods
.