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Today's Shanghai copper main force fluctuated down, closing the Shanghai copper main 2201 contract closed at 68650, down 860, or 1.
24%.
Shanghai copper continued to fluctuate lower during the day, and continued to trend downward after breaking the 69,000 mark
.
Copper prices fluctuated lower today, and the overall trading center of gravity fell
from the previous session.
In terms of spot, copper prices continued to fall, downstream enterprises took the opportunity to replenish, many traders were shipping at high prices, the premium was higher, and the overall trading atmosphere improved
slightly.
Overnight, the market's concerns about the mutated new crown weakened slightly, but the Fed Powell continued to release hawkish remarks, the high of the US index superimposed on the market's increased concerns about the follow-up demand for copper, it is expected that Shanghai copper is weak to probe the bottom during the day, focusing on the possibility of a lower shadow of the previous support around 68,500, it is worth noting that the current global copper low inventory pattern continues, and there is still a possibility
of rebound recovery after the overall Shanghai copper dip.
