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    Home > Chemicals Industry > New Chemical Materials > June 3 Shanghai copper morning review

    June 3 Shanghai copper morning review

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
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    Overnight, the Shanghai copper 1608 contract opened at 35250 yuan / ton, fell back to the lowest 35170 yuan / ton after the opening, and then due to the recovery of crude oil shock, Shanghai copper low back to 35460 yuan / ton narrow range, and finally Shanghai copper closed at 35420 yuan / ton, up 140 yuan / ton
    .

    Shanghai copper

    Market: On June 2, Shanghai electrolytic copper spot reported a premium of 80-120 yuan / ton, and a flat water copper transaction price of 35360-35460 yuan / ton
    .
    In the morning, copper reported a premium of 100 yuan / ton, and some large traders led the market to digest low-priced supplies, and quickly raised the premium quotation, and the market had a strong atmosphere of rising prices
    .
    The sentiment of the holders of goods heated up, and soon increased to 110 yuan / ton
    of good copper premium.
    As a result, the market is difficult to find low-priced goods, and the transaction market has changed from active to calm, but there is still no lack of inquiries
    .

    In terms of stocks: As of May 27, the previous period of Shanghai copper stocks reported 221212 tons, a sharp weekly decrease of 36,122 tons, the tenth consecutive week of decline, and the decline further expanded, close to the low point set on January 29 this year, a cumulative decrease of 173565 tons or 44%.

    The main oscillations of Shanghai copper rose slightly overnight, but still ran below the main moving average group as the dollar index remained strong and OPEC did not reach an agreement
    to cut production.
    It is recommended that the Shanghai copper 1608 contract can be sold high and low between 35000-35800 yuan, and the stop loss is 350 yuan / ton
    each.

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