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    Home > Chemicals Industry > New Chemical Materials > June 21 Shanghai copper afternoon commentary

    June 21 Shanghai copper afternoon commentary

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    Overnight, the main 1908 contract of Shanghai copper opened at 46980 yuan / ton, after the opening affected by the external market, copper prices straight up to a high of 47170 yuan / ton, and then the bears entered the market at a high level, suppressing copper prices, copper prices quickly fluctuated and retreated, testing down 46720 yuan / ton, and then the center of gravity fluctuated at 46800 yuan / ton, closing at 46820 yuan / ton, down 0.
    23%
    overnight.
    The trading volume of the Shanghai Copper Index was 144,000 lots, and the position increased by 2,600 lots to 594,000 lots
    .

    Shanghai copper

    Spot is expected to remain in the recent stalemate today, with holders still insisting on high-premium shipments, but downstream maintaining a wait-and-see attitude
    towards prices.
    It is expected that today's London copper 5930-6000 US dollars / ton, Shanghai copper 46500-47000 yuan / ton, spot premium 20-liter 80 yuan / ton
    .

    The Fed's hint that it will cut interest rates as early as next month to boost economic growth triggered the dollar index to fall to a two-week low, and copper was shocked higher overnight, with the latest closing quotation of $5972 / ton, up $77, or 1.
    31%, with a volume of 17,479 lots and an increase of 6,119 lots and a 2,187 increase in 307757 positions
    .
    In the evening, Shanghai copper opened high and low, and the latest closing price of the main monthly 1908 contract was 46820 yuan / ton, down 20 yuan, or 0.
    04%.

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