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    Home > Chemicals Industry > New Chemical Materials > June 8 Shanghai copper morning review

    June 8 Shanghai copper morning review

    • Last Update: 2022-12-10
    • Source: Internet
    • Author: User
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    The overnight Shanghai copper 1808 contract opened at 54400 yuan / ton, and the first line of 54400 yuan / ton was running at the beginning of the session, with an amplitude of about 200 yuan
    .
    Then rose slightly, touched 54850 yuan / ton and then turned up to fall, all the way down in a stepwise manner, and tested 54040 yuan / ton
    at the end of the day.
    It finally closed at 54060 yuan / ton, up 120 yuan / ton
    .

    Shanghai copper

    On the macro front, since mid-to-late April, China has lowered some of its reserve requirement ratios, PPP projects have been launched in a hurry, MLF collateral has been expanded, and policies have played a supporting role
    in supporting the economy.
    The latest data shows that China's PMI has begun to stabilize and recover, it is worth noting that companies have experienced a sharp reduction in finished product inventories, and after the economy stabilizes, the potential demand recovery will make it a driving force
    for demand recovery.

    Overnight, copper prices rose slightly, and London copper fell back as a whole, hitting a
    four-and-a-half-year high.
    Shanghai copper also gave up some of
    its gains as some bulls took profits.
    Recently, copper prices have closed in Changyang, rising rapidly, it is expected to be a normal correction, and copper prices are still good
    in the short term.
    It is expected that the main force of Shanghai copper today is 54000~54500 yuan / ton
    .
    The spot price difference has not further expanded, and the quotation is expected to remain at yesterday's level, and today's discount is 60~20 yuan / ton
    .

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