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Thursday morning Shanghai copper 1810 contract opened at 47420 yuan / ton, at the beginning of the session, some short profits left, copper prices rose slightly, but hindered at the 48000 yuan / ton integer mark, touched 47920 yuan / ton, noon, the external repair part of the decline, midday Shanghai copper opened slightly higher after continuing the downward trend, closing at 47580 yuan / ton, down 1260 yuan / ton
.
In terms of external trading, London copper opened at 5827.
5 US dollars / ton, after the opening price fluctuated at the beginning of the session, the US dollar high fell, London copper slowly climbed to 5886 US dollars / ton, after a slight retreat, it again charged upward, crossing the 5900 US dollars / ton integer mark to 5906 US dollars / ton
.
In the afternoon, the dollar rose again, copper prices pulled back to 5855 US dollars / ton, and then went up another step, touching 5915 US dollars / ton, slightly down, as of 17:25, London copper reported 5898 US dollars / ton
.
In terms of the market, overnight metal leaked across the board, Shanghai copper fell by 1,000 yuan, and copper prices hovered at 47,700 yuan / ton during the day
.
On the first trading day after the change of month, because the supply of goods is still tight, the sentiment of the holders is still high, the opening quotation is sharply raised to more than 100 yuan of premium, the quotation premium is 100~140 yuan / ton, because the rise is too high It is difficult to have an actual transaction, traders reduce prices, the quotation of the holder is lowered, and the transaction has improved
.
The financial market is once again shrouded in bearish suppression, panic has not been significantly dispelled, copper prices have broken down sharply, although some downstream into the market to replenish the low, but the market fear of falling sentiment, traders speculation cautious, the transaction is general, the high premium state can continue to pay attention to the subsequent import copper arrival into storage
.
In terms of news, according to the official website of the Ministry of Commerce, Vice Minister of Commerce Wang Shouwen will be invited to the United States to hold vice-ministerial consultations
on Sino-US economic and trade issues.
It is a positive sign that China and the United States are negotiating again, and this high-profile consultation is an invitation issued by the United States, while China reiterates its opposition to unilateralism and trade protectionism and does not accept any unilateral trade restrictive measures
.
The news may boost market sentiment, but the impact of the Turkish crisis may not be over yet, and it is expected that the short-term copper price weakness will be mainly
consolidated.
