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    Home > Chemicals Industry > New Chemical Materials > June 7 Shanghai copper morning review

    June 7 Shanghai copper morning review

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
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    Overnight, the Shanghai copper 1608 contract opened sharply lower at 36150 yuan / ton, after the opening of the shock strengthened, the highest touched 36300 yuan / ton, and then with the rapid decline of London copper turned green, the lowest is 36010 yuan / ton, and finally Shanghai copper closed at 36060 yuan / ton, down 20 yuan / ton
    .

    Shanghai copper

    Market: On June 6, Shanghai electrolytic copper spot reported a premium of 90-120 yuan / ton, and the transaction price of flat water copper was 36250-36330 yuan / ton
    .
    In early trading, some large traders continued to lead the maintenance of stability last Friday, and after the second trading session, it was difficult to find flat water copper below 100 yuan, and the transaction was small and difficult
    .
    After that, the spot good copper liter discount quickly fell back to 110-120 yuan / ton
    .
    Downstream is deterred
    .

    In terms of stocks: as of June 6, LME copper stocks reported 174,400 tons, a sharp increase of 20,725 tons from last Friday; At the same time, as of June 3, the previous Shanghai copper inventory reported 210995 tons, a sharp weekly decrease of 10,217 tons, the eleventh consecutive week of reduction, and the decline further expanded, close to the low point set on January 22 in the year, with a cumulative decrease of 183782 tons or 46.
    55%.

    The view summary, overnight Shanghai copper main force rushed back down to 36060 yuan, but this morning London copper opened slightly higher, basically maintained the rebound pattern that began on June 2, and the dollar index rebound was weak, still running around
    93.
    9.
    It is recommended that the Shanghai copper 1608 contract can be backed above 35400 yuan to bargain long, enter the market reference around 35800 yuan, and target 36500 yuan
    .

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