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October 10 Shanghai copper afternoon review

 Last Update: 2022-12-17
 Source: Internet
 Author: User

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copper tripeptide 1

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Today's Shanghai copper test low rebounded, low down 46500 yuan / ton mark, late rebound and closed at 46600 yuan / ton, down 0.
09%.

The Shanghai Copper Index continued to increase its position by 8,254 lots to 566,000 lots
.

Shanghai copper

In terms of spot, due to the decline in market prices, yesterday's market transaction has improved, low prices have attracted more downstream replenishment, the market continues to maintain a low level, it is expected that the market trading sentiment is better, which will promote holders to raise prices
.
It is expected that Shanghai copper will be 46400-46800 yuan / ton, and spot premium 120-150 yuan / ton
.

S&P cut its 2020 copper price forecast to $6,000 from $6,500, citing reduced global trade flows and slower economic growth as reasons for the downward revision; At present, the market is waiting for the results of the high-level economic and trade consultations between China and the United States, and the mood is cautious
.

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