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    Home > Chemicals Industry > New Chemical Materials > July 28 Shanghai copper morning review

    July 28 Shanghai copper morning review

    • Last Update: 2022-12-06
    • Source: Internet
    • Author: User
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    Last night's internal trading in terms of Shanghai copper main contract 1709 opened at 50210 yuan / ton, after the opening copper price a wave of slightly higher, want to impact 50400 yuan / ton high, but the upper pressure is larger, followed by the external market fell below the daily average, the center of gravity fell to around 50100 yuan / ton, and finally closed at 50120 yuan / ton, down 30 yuan / ton, holding positions reduced by 444 hands to around
    207,000 hands.

    Shanghai copper

    In terms of the market, as of 2017-7-27, the spot price of 1# copper is 49900 yuan / ton, up 370 yuan / ton from the previous day, 10 yuan / ton higher than the recent month contract, the holder of the initial discount quotation of good copper, helpless market recognition is low, with the slow decline of the plate, the holder took the initiative to reduce the copper discount, flat water copper has no intention of expanding the discount, the plate fell below 50,000 after stabilizing, bargain buying slightly increased, the transaction was earlier The market improved
    .

    Copper price rally gradually tends to rational in line with previous expectations, yesterday showed a volatile consolidation trend, mainly digesting the previous large gains, after a small pullback below to get strong support, the overall center of gravity is still slowly rising, it can be seen that the market is bullish on copper prices
    .
    It is expected that the US dollar will remain weak for a period of time in the future, coupled with the strict environmental protection policy and the stable and good trend of China's economy, copper prices are less likely to fall sharply in the short term, and will mainly show a volatile upward trend
    .

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