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Overnight, the main 1708 contract of Shanghai copper opened at 45850 yuan / ton
.
After the opening, the bears increased their positions to put pressure, and Shanghai copper was under pressure on the daily moving average center of gravity continued to decline, with an evening low of 45510 yuan / ton, closing at 45530 yuan / ton, down 270 yuan / ton, and the position decreased by 3638 hands to 210872 lots
.
Overnight Shanghai copper closed overnight, the bottom moving average is dense, and there is a middle rail bottom, it is expected to run at 45450~45750 yuan / ton
today.
In terms of the market, as of 2017-6-14, the spot price of Shanghai Metal 1# copper was 45,600 yuan / ton, down 305 yuan / ton from the previous day, and the discount was 160 yuan / ton compared with the near-month contract.
On the news front, China's economic data released on Wednesday was generally good, which slightly boosted
the performance of base metals during the Asian session.
During the European and American session, the weak performance of US economic data caused the US dollar to fall sharply, and the strong and weak differentiation pattern of base metals also appeared again, and recorded a mixed pattern
.
On the technical side, Shanghai copper was affected by the news of the US interest rate hike, and commodities fell by points, and the market continued to be weak and volatile downward
.