echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > June 6 Shanghai copper morning review

    June 6 Shanghai copper morning review

    • Last Update: 2022-12-05
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Overnight, the Shanghai copper 1708 contract opened at 45160 yuan / ton
    .
    At the beginning of the session, the daily moving average slightly tested the low to 45030 yuan / ton, then rebounded at a low level, touched 45350 yuan / ton at the high, and closed at 45160 yuan / ton at the end of the day, down 90 yuan / ton, and the position increased by 610 lots to 208522 lots
    .
    Overnight Shanghai copper closed doji line, the upper moving average downward pressure resistance is large, it is expected to operate in today's range of 45100~45450 yuan / ton
    .

    Shanghai copper

    In terms of news, former FBI Director Comey testified that Trump's team's Russian and British elections both took place this week, and the outbreak of political risks in Europe and the United States has rapidly heated up global risk aversion, copper prices are under pressure and the upside is weak, and it is expected that Shanghai copper will be weak and volatile today, and spot copper prices will be slightly lowered
    .

    In terms of the market, as of 2017-6-5, the spot price of Shanghai metal 1# copper is 45290 yuan / ton, up 5 yuan / ton from the previous day, and the premium of 90 yuan / ton compared with the recent month contract, Shanghai copper finishing, the holder wants to pull the water, push up the current copper to reproduce a small premium quotation, but in the early stage of some imported copper arrival, middlemen to short flat fast, active operation enthusiasm declined, downstream on-demand delivery, the market highlighted Monday characteristics
    .

     

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.