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The overnight Shanghai copper 2001 contract gaped at 47480 yuan / ton and remained volatile, closing at 47470 yuan / ton, up 0.
19%.
Copper prices rose both inside and outside last night, mainly due to a number of better-than-expected economic data from the United States during the day, in addition to the good news of the trade situation also promoted the market's risk appetite, the safe-haven yen weighed on gold prices, and U.
S.
stocks continued to hit new intraday and closing highs
.
At present, the market has basically digested the good news of the previous trade, and more turned into a wait-and-see mood before further progress, today's gold price gap opened at 1461.
3, the three major stock index futures of the US stock market floated green, reflecting the market risk aversion, there is pressure
on copper prices to continue to rise.
At present, Shanghai copper closed in the negative, and the upper pressure Bollinger upper rail, alert to a reversal in the technical picture
.
In terms of spot, as copper prices maintained an upward trend and entered the end of the month, market demand is expected to be lighter, but because imported copper continues to not see a large number of entering the market, holders are still raising prices
even after the bill exchange.
It is expected that today's Shanghai copper 47250-47550 yuan / ton, spot premium 70-100 yuan / ton
.
