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    Home > Chemicals Industry > New Chemical Materials > February 9 Shanghai copper morning review

    February 9 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 52120 yuan / ton, after the opening extended the daily moving average oscillation downward, the low level to 51870 yuan / ton, and finally closed at 51980 yuan / ton, down 180 yuan / ton, increasing positions by more than 8,000 hands to 235,000 lots
    .

    Shanghai copper

    In terms of the market, as of 2018-2-8, SMM 1# electrolytic copper spot price is 51580 yuan / ton, down 1190 yuan / ton from the previous day, compared with the recent month contract premium 5 yuan / ton, overnight domestic and foreign nonferrous metals are plummeting, Shanghai copper fell by about 2%, market sentiment has not yet calmed down, mostly cautious wait-and-see, good copper from 40 ~ 50 yuan / ton to 10 ~ 20 yuan / ton, only then some speculators entered the market
    .
    The Spring Festival is approaching, risk volatility has intensified, and the situation of weak supply and demand in the market will continue
    .

    Dragged down by the continuous decline of copper prices in the external market, Shanghai copper night trading obviously followed, copper prices once again refreshed this month's low, coupled with the Spring Festival approaching demand weakening, copper prices upward resistance is obvious, the spot market is basically stagnant, it is expected that Shanghai copper short-term or continue to be weak shock, pay attention to whether it can stand on 52,000 yuan support
    .

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