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July 10 Copper Market Brief Review

 Last Update: 2022-12-19
 Source: Internet
 Author: User

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Today's Shanghai copper high volatility is dominant, the day converged some gains, as of the end of the day closed Shanghai copper main 2008 contract closed at 50500, up 130, or 0.
26%.

Today's domestic stock market pullback, near the weekend and delivery day, the sell-off in front-month contracts increased, pulling down copper prices
.
At present, the domestic industry is picking up, and the production situation has further recovered to increase market confidence, while on the other hand, the supply disturbance of Chilean copper concentrate in South America continues, and the tight supply of refined copper has become a price boost
.

Domestic stock market confidence and macro data multiple favorable support copper prices, the probability of deep pullback is reduced, short-term Shanghai copper high volatility is the mainstay, pay attention to the main shock range around 5.
05-51,000 finishing, after finishing or there is still the possibility of impacting the
upper level.

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