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    Home > Chemicals Industry > New Chemical Materials > June 22 Shanghai copper morning review

    June 22 Shanghai copper morning review

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
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    Overnight, the Shanghai copper 1608 contract opened high at 35650 yuan / ton, fell to 35530 yuan / ton after the open, and then fluctuated higher with the London copper, and finally Shanghai copper closed at 35950 yuan / ton, up 270 yuan / ton
    .
    Overnight Shanghai copper first fell and then rose, the lower support gradually erected, it is expected that Shanghai copper will run
    within 35600 yuan / ton to 36000 yuan / ton today.

    Shanghai copper

    In terms of the market: the current copper discount is first up and then collected, and large traders are actively collecting flat copper in order to deliver the long order at the end of the month, and at the same time, affected by the upgrade of the tax code in Shanghai, there are fewer
    copper tickets in the month.
    The opening copper reported a premium of 130 yuan / ton in the month, and the flat water copper reported a premium of 100 yuan / ton in the month, but the situation of more inquiries and less transactions gradually made the premium gradually fall.

    At the same time, due to the approach of half a year, some traders have the willingness to
    exchange cash at high prices.

    In terms of stocks: As of June 17, the previous period of Shanghai copper stocks reported 166105 tons, a weekly sharp decrease of 16,233 tons, the thirteenth consecutive week of decline, and the decline further expanded, close to the low point set on October 9 last year (152934 tons), a cumulative decrease of 228672 tons
    .

    The main Shanghai copper contract oscillated overnight to 35,950 yuan / ton, and the daily closing price hit a new high since June 6 this year, but it faced the suppression of M60 above it, and the Brexit referendum was about to be announced, investors still need to be cautious
    .
    It is recommended that the Shanghai copper 1608 contract can be sold high and low between 36300-35500 yuan, and the stop loss is 350 yuan / ton
    each.

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