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Shanghai copper afternoon review on May 27

 Last Update: 2022-12-16
 Source: Internet
 Author: User

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On Friday evening, the main 1907 contract of Shanghai copper opened at 47080 yuan / ton, after the opening the overall center of gravity around the daily moving average narrow range oscillation, affected by the external market at the beginning of the session, copper prices tested 47200 yuan / ton, and then due to the long liquidation, the price performance fell, but the overall center of gravity remained stable at the daily moving average, the end of the session tested 47030 yuan / ton, and then closed at 47150 yuan / ton
.

Shanghai copper

In terms of spot, due to the end of long-term order delivery, market trading sentiment returned to light, and the current price increase will also suppress high premium quotations
.
It is expected that today's Shanghai copper 46900-47400 yuan / ton, spot flat water - premium 70 yuan / ton
.

The further decline in the US dollar index boosted copper prices, and London copper closed up $21 the next week, overseas copper mine production cuts will have an impact on supply, global explicit inventories still maintain a dematerialization trend, copper is expected to rise
slightly today.

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