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    Home > Chemicals Industry > New Chemical Materials > May 19 Shanghai copper morning review

    May 19 Shanghai copper morning review

    • Last Update: 2022-12-05
    • Source: Internet
    • Author: User
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    Overnight, the main 1707 contract of Shanghai copper opened lower at 44650 yuan / ton
    .
    After the opening, some bears closed their positions in profit, and the Shanghai copper staged upward, recording a high of 45320 yuan / ton, and closing at 45200 yuan / ton at the end, up 70 yuan / ton, the trading volume decreased by 89446 hands to 162056 lots, and the position decreased by 7768 hands to 216786 lots
    .
    Overnight Shanghai copper opened low and high, short positions reduced to push up copper prices, but the upside is limited, and it is expected that today's operating range is 44800~45200 yuan / ton
    .

    Shanghai copper

    In terms of the market, as of 2017-5-18, the spot price of Shanghai Metal 1# copper is 45050 yuan / ton, down 280 yuan / ton from the previous day, and the premium is 130 yuan / ton compared with the recent month contract.

    Last night's night price fluctuated sharply, after opening low pulled back all the declines, market fundamentals have no special news, mainly affected by US political factors, but there is not much China to follow up selling, domestic night trading hours after the thread continued to rise, driving industrial products to rebound
    .
    Copper is still judged to be a range-bound market, short-term still no conditions for a big fall, it is recommended to still hold the original short, short-term there is a sudden sharp decline in the opportunity to short end rolling operation
    .

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