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    Home > Chemicals Industry > New Chemical Materials > Brief review of Shanghai copper on July 5

    Brief review of Shanghai copper on July 5

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    Today's Shanghai copper rose all the way, the rally accelerated in the afternoon, and the main 2108 contract of Shanghai copper closed at 69520 as of the day, up 1.
    73%, up 1180
    .

    Shanghai copper

    Fundamentally, the spot premium on the weekend has strengthened significantly, the market is abundant, coupled with domestic destocking, the sentiment of holders to cover goods and sell is strong, but the downstream action is general
    .
    Recently, the difference between domestic and foreign spot is significant, and the import window may be further opened, and the strengthening of imports may support overseas
    spots.

    On Friday, US employment data was mixed, liquidity tightening concerns continued to slow, and the dollar index turned lower; In addition, the domestic auction began to sell reserves in the morning, and the short-term news has been cashed in, and non-ferrous metals generally turned red today, indicating that the market pessimistic wind direction has improved
    .
    It is expected that the night trading is still driven by market confidence, and the pressure above 69,500 continues to rise and fall, pay attention to whether the pressure of the 70,000 integer mark of Shanghai copper can effectively break through, and operationally recommend that merchants rebound and reduce their holdings, and the downstream just needs to be the mainstay
    .

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