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September 10 Shanghai copper brief commentary

 Last Update: 2022-12-19
 Source: Internet
 Author: User

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Today's Shanghai copper opened high and low, after noon Shanghai copper further closed green, the closing of the Shanghai copper main 2010 contract closed at 51700, down 190, or 0.
37%.

Shanghai copper

Affected by the decline in the domestic stock market during the day, Shanghai copper opened high and low in the morning and then fell all the way, and London copper still continued to decline after the close of the day, at present, the copper price broke down and caused the market confidence to shrink to form a diving or one of the main reasons, and the subsequent fundamental situation is still in the peak season not boom pattern, although automobile production has improved, but the overall support effect is still pinned on the LME copper inventory low
.

In terms of night trading, Shanghai copper may further open low diving, it is recommended to continue to pay attention to the downward situation of London copper, and Shanghai copper pay attention to whether it can bring support around
51,000.
In operation, it is recommended to wait and see, and reserve goods for the time being
.

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