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Today's Shanghai copper continued to rebound, the US index rose at midday difficult to stop copper market confidence, as of the end of the day closed Shanghai copper main 2202 contract closed at 69690, up 690, or 1%.
The spot market still maintained a strong price sentiment, although the transaction was limited, the holders were not willing to adjust the price significantly, and the transaction remained
deadlocked.
The temporary recovery of the market has also weakened downstream consumption, and some traders have increased their willingness to cash out at high prices, but market feedback is still not high, and the limited price adjustment level is difficult to attract buying, and there are few
market participants.
Overnight U.
S.
stocks and energy markets rebounded, promoting market risk appetite to improve, copper market continued to rebound partially, but on the other hand, near the end of the year, the market capital may be weakened, the fundamental consumption off-season copper price follow-up momentum decreased, years ago or still maintain range shock market, the current Shanghai copper by the mood high appeared high, but the sustained momentum still need to wait and see, beware of the night high down, pay attention to the main force of Shanghai copper 7-68,500 shocks
.
Operationally, it can be shipped appropriately, and downstream stocking is temporarily available
.
