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February 14 Shanghai copper morning review

 Last Update: 2022-12-08
 Source: Internet
 Author: User

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Overnight, the main force of Shanghai copper 1804 opened at 52380 yuan / ton, the trend is still strong, the high point to 52760 yuan / ton, closed at 52590 yuan / ton, warehouse down 4442 to 236,000 lots
.

Shanghai copper

In terms of the market, as of 2018-2-13, the spot price of SMM 1# electrolytic copper is 51500 yuan / ton, up 310 yuan / ton from the previous day, and the discount is 275 yuan / ton compared with the near-month contract.

Now that logistics has been suspended, warehousing is also on holiday tomorrow, so this day and tomorrow are only suitable for speculators' transfer orders, not suitable for outbound shipments
.
Speculators received goods
at a low price based on expectations of a narrowing discount and a rebound in the market after the holiday.
The overall transaction was light
.

The US dollar weakened, the stock market picked up, LME inventories turned from increasing to decreasing, copper prices began to rebound, and investors who closed their positions on the last trading day before the Shanghai Copper Spring Festival will increase
.
It is expected that the short-term still has the opportunity to rise to 7000 US dollars / ton, and it is expected that today's Shanghai copper 1804 range 52200~52800, follow-up attention to inventory performance
.
In terms of spot, the light consumption has led to a rapid decline in the premium discount, and it is expected that the last trading day will tend to stabilize, and it is expected that today's discount will be 350-250 yuan / ton
.

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