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    Home > Chemicals Industry > New Chemical Materials > June 11 Shanghai copper afternoon review

    June 11 Shanghai copper afternoon review

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    Overnight, the main force of Shanghai copper changed to 1908 contract
    .
    The evening opened at 46230 yuan / ton, the opening was low, and then the bulls began to actively enter the market, the copper price center of gravity performance slightly moved up to the daily average of 46340 yuan / ton, and then due to the impact of the external market, copper price performance rose rapidly, bulls' confidence strengthened, copper prices in the end of the session after testing 46640 yuan / ton, the center of gravity maintained a stable high level of oscillation, and then closed at 46570 yuan / ton, up 0.
    67% overnight, Shanghai copper index trading volume of 129,000 hands, position increased by 5,406 hands to 623,000

    Shanghai copper

    At present, copper prices have risen to last Wednesday's high, but there is still pressure above the $5880 / ton position, and the copper market fundamentals have insufficient impulse to drive copper prices to continue to rise, so wait for the macro environment to improve and drive copper prices to continue to rush up to the key level
    .
    Spot has seen imported copper inflows yesterday, so in the case of abundant market supply, yesterday's holders have shown signs of relaxation, quotations have been significantly lowered, today's plate prices have risen sharply, high prices will suppress market trading sentiment, so it is expected that quotations are expected to continue to decline
    .
    It is expected that today's Shanghai copper 46300-46800 yuan / ton, spot premium 80-150 yuan / ton
    .

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