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Brief review of Shanghai copper on October 14

 Last Update: 2022-12-20
 Source: Internet
 Author: User

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Today's Shanghai copper first fell and then rose, after midday some soared, as of the end of the day closed Shanghai copper main 2011 contract closed at 51540, up 30, or 0.
06%.

Shanghai copper

At present, Shanghai copper is still in a range-bound situation, and copper imports in September remain high, and domestic industry recovers while inventory digestion is in the period of inventory digestion, supporting copper prices
.
However, Shanghai copper power is still lacking, and in the case of less news about Shanghai copper terminal demand at this stage, market confidence has driven the disk to form a range-bound market
.
It is expected that the night market and the recent maintenance range market, after the bottom of the range, may pick up
slightly.

On the whole, the domestic gold nine silver ten consumption season failed to arrive as scheduled, the sudden strike on the supply side may lead to a tightening of copper supply in the future, and there is no obvious sign of improvement on the demand side for the time being, but the fourth quarter as the peak investment of power enterprises, there are still good expectations in China
.
In the short term, it is still volatile
.

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