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June 5 Shanghai copper afternoon review

 Last Update: 2022-12-16
 Source: Internet
 Author: User

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titanium spot price

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Overnight, the main 1907 contract of Shanghai copper opened at 46230 yuan / ton, opened low 46190 yuan / ton, and then guided by the external market, copper price shock pulled up to around 46360 yuan / ton, after the narrow range of shock sorting, bears took advantage of the low level to close their positions, copper prices rose straight up, intraday high 46590 yuan / ton, and then the overall center of gravity of copper prices around 46490 yuan / ton, do not exceed 80 yuan / ton of oscillation, until the close of 46530 yuan / ton, night up 0.
56
。

Shanghai copper

The spot market has been driven up by risk aversion in recent days, and it is difficult to see a downward trend in the short term, but due to the rise in market prices and high price sources inhibiting market transaction enthusiasm, holders continue to push up the premium with limited
space.
It is expected that today's Shanghai copper 46300-46700 yuan / ton, spot premium 90-150 yuan / ton
.

Africa's two major copper producers - Congo and Zambia have tax policy conflicts, some copper mines have been closed, or will affect the import of the mine, and then affect the output of refined copper, domestic processing fees or continue to decline, the current processing fees or significantly affect small and medium-sized enterprises, is expected to rise
today's spot copper prices.

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