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March 8 Shanghai copper morning review

 Last Update: 2022-12-09
 Source: Internet
 Author: User

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Shanghai copper main force 1805 was dragged down by the external disk to open low at 52230 yuan / ton, climbed slightly to a high of 52475 yuan / ton, and then fell back to a low of 52060 yuan / ton, closed at 52240 yuan / ton, down 440 yuan / ton, recorded a doji, and the position increased by 2400 to 289,000 lots
.

Shanghai copper

In terms of the market, as of 2018-3-7, the spot price of SMM 1# electrolytic copper was 51970 yuan / ton, up 140 yuan / ton from the previous day, and 75 yuan / ton discount to the near-month contract.

On the fundamental side, the tightening effect of scrap copper will gradually be transmitted, downstream replenishment successively, the previous copper inventory is expected to decline, the discount narrows, it is expected that today's Shanghai copper 1805 range 52000 ~ 52600 yuan / ton, spot discount 100 ~ discount 40 yuan / ton
.

Dragged down by the lower external market, Shanghai copper night trading showed a low opening and low walk, gradually shrinking the previous gains, because the current peak season demand has not yet started, copper prices are still weak operation, focusing on the introduction of relevant policies of the two sessions, it is expected that Shanghai copper will continue to fluctuate
in a narrow range in the short term.

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