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May 30 Shanghai copper morning review

 Last Update: 2022-12-10
 Source: Internet
 Author: User

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copper family

freezing point copper

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Overnight, the main force of Shanghai copper opened at 51780 yuan / ton, falling slightly at the beginning of the session, testing 51580 / ton
.
Then it continued to climb and fell slightly after being blocked at 51960 yuan / ton
.
After being dragged down by the external disk, it continued to move down all the way away from the daily moving average
.
The decline continued at the end of the day, closing at 51320 yuan / ton, down 220 yuan / ton
.

Shanghai copper

The White House said it would impose a 25% tariff on China's $50 billion worth of high-tech products, publish the list by June 15, and adopt specific investment restrictions, which will be announced by June 30; China's Ministry of Commerce responded that the US move was unexpected but expected, and the US statement went against the previous consensus and China would defend its own interests
.
Renewed tensions in Sino-US trade relations have shown investors to be cautious on the sidelines
.
Today's Shanghai copper is weak, and spot copper prices are expected to fall
slightly today.

The renewed friction between China and the United States in the trade war, coupled with the political turmoil in Italy, has caused investors to worry
.
Copper prices fell overnight
.
The main force of Shanghai copper gave up yesterday's gains and is now stuck between
the moving averages.
It is expected that the main force of Shanghai copper is 51200~51700 yuan / ton
.
In terms of spot, with the decline of the plate, the stalemate pattern is expected to continue, and it is expected that today's discount will be 90~30 yuan / ton
.

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