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On Friday, the main force of Shanghai copper hit the high and lost, and the intraday rush back down to converge some of the gains, and the Shanghai copper main 2112 contract closed at 70570, up 330, or 0.
47%.
Shanghai copper market warmed in the morning, rising more than 1%, as industrial products continued to fall, the rally converged significantly, closing slightly up 0.
47%.
The support of low inventories in the copper market continued, the easing of real estate concerns eased metal demand expectations, and non-ferrous metals were generally strong, but the strength of the US index and the pessimistic atmosphere of the I industry still limited the growth of copper prices
.
In terms of market, the spot quotation of Yangtze River nonferrous copper is 71490-71550 yuan, and the average price is 730 yuan
higher than the previous day.
Intraday downstream on-demand consumption, intraday water rise, one period of flat water copper transaction in about 200 yuan, a small number of heard rise of 190 yuan transaction, the second period of market supply significantly reduced, the premium increased sharply, flat water copper rose 300 yuan up and down the transaction, good copper the highest heard rise of 600 yuan in the report, but no transaction
.
