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    Home > Chemicals Industry > New Chemical Materials > Shanghai copper afternoon review on May 9

    Shanghai copper afternoon review on May 9

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    Overnight, the main 1906 contract of Shanghai copper opened lower at 47700 yuan / ton again, and then affected by the external market, the performance fell, down to the low level of 47540 yuan / ton, and then the overall center of gravity showed a low oscillation of 47600 yuan / ton, the amplitude did not exceed 50 yuan / ton, until intraday, the price recovered, but after rising to 47760 yuan / ton, the performance was blocked and fell, and the end of the session fluctuated at 47620 yuan / ton line, closing at 47620 yuan / ton
    .

    Shanghai copper

    At present, due to the proximity of delivery, the holder of the firm quotation, the market maintains a deadlock, the current plate price spread performance has no obvious arbitrage space, and the market is waiting for the result of trade negotiations, the overall transaction is light
    .
    It is expected that today's Shanghai copper 47200-47700 yuan / ton, spot flat water - premium 100 yuan / ton
    .

    China's exports experienced negative growth in April, import growth hit a six-month high, and China's trade surplus expanded by 26% in the first four months; China's unwrought copper imports in April were 405,000 tons, an increase from the previous month but a year-on-year decrease of 8.
    4%, and the unwrought copper imports from January to April were 1.
    59 million tons, down 5.
    1% year-on-year.

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