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    Home > Chemicals Industry > New Chemical Materials > June 6 Shanghai copper brief commentary

    June 6 Shanghai copper brief commentary

    • Last Update: 2022-12-10
    • Source: Internet
    • Author: User
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    Today's Shanghai copper main 1808 contract opened at 53190 yuan / ton in the morning, long and short entry at the beginning of the session, copper prices fluctuated rapidly and slowly fell, tested down 52920 yuan / ton after the decline closed, along the 52990 yuan / ton a line of shock operation
    .
    The amplitude expanded in the afternoon, and the low of the sun-probe during the period was 52890 yuan / ton
    .
    Boosted by the external market in the afternoon, Shanghai copper continued to climb upward, touching a high of 53390 yuan / ton after the rally ended
    .
    At the end of the day, some bulls left the market, and copper prices fell slightly, closing at 53320 yuan / ton, up 1070 yuan / ton, or 2.
    05%.

    Shanghai copper

    International derivatives think tank analysts believe that short-term base metals are mostly strong, effectively improving the market investment atmosphere, while the US dollar index is under pressure to decline, and the market is worried about the progress of salary negotiations at the world's largest copper mine, copper prices have become a hot spot
    for funds.
    In addition, copper prices are expected to trigger technical buying after an effective upward
    breakout.

    Today's Shanghai copper rose sharply, and has now closed 5 days of continuous sunshine
    .
    Concerns about Chilean labor negotiations continue to ferment, copper concerns continue to rise, and the Shanghai copper index increased its position by 28,000 lots today, with a volume of 610,000 lots
    .
    On the other hand, copper prices have reached a three-month high, and it is expected to stabilize in the evening, testing the first-line support capacity
    of 53,000 yuan / ton.

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