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    Home > Chemicals Industry > New Chemical Materials > June 8 Shanghai copper brief commentary

    June 8 Shanghai copper brief commentary

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    Today's Shanghai copper main force fluctuated
    in a narrow range.
    At the end of the day, the main 2207 contract of Shanghai copper closed at 72790, up 100, or 0.
    14%.

    Shanghai copper

    The dollar index continued to rise, with U.
    S.
    Treasury yields breaking 3%, putting macro pressure on copper prices
    .
    However, at present, the pressure of the US index around 102.
    6 is more obvious, and the bearish impact is expected to ease
    .
    Affected by the sharp downward revision of LME next-day inventories and the absolute low global explicit inventory, combined with the disturbance of major copper ore producing countries in South America, supply-side support began to appear
    .

    On the demand side, the short-term market is still focused on the height of domestic resumption of work and production, and the speed and intensity of national policies are not currently declining, although investor confidence has not been significantly driven from the performance of the market, but the expectation of the demand side still has a certain boost to copper prices
    .
    At present, Shanghai copper has no clear trend, and it is expected that the short-term operation will still be dominated by range shocks, focusing on 7.
    2-73,000
    .

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