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May 13 Shanghai copper brief commentary

 Last Update: 2022-12-21
 Source: Internet
 Author: User

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Today, Shanghai copper maintained a high volatility market, closing at the end of the day Shanghai copper main 2106 contract closed at 75970, down 400, or 0.
52%.

Shanghai copper

The US CPI data in April soared more than market expectations, inflation was further confirmed, market concerns led the US index higher, suppressed non-ferrous metal prices, and Shanghai copper maintained a high volatility trend during the day, and the degree of volatility intensified
.

At present, the Fed still has to dilute inflation, loose monetary policy continues to support market liquidity, long-term global green energy trend, copper has a large demand expectation, maintain a preference outlook
.
In the short term, with the sharp rise in raw material prices in China, it has a greater impact on real enterprises, and Shanghai copper destocking still needs to wait and see
.
It is expected that the recent high volatility of Shanghai copper is dominant, focusing on the range of 7.
5-77,000
.
In terms of operation, the early long order is appropriately profit-taking, and the recent high selling and low absorption are the mainstay
.

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