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Last night's internal and external trading trend showed a low opening and high going, London copper closed at 5809 US dollars / ton, down 0.
09%, Shanghai copper night trading gap low opened at 47130 yuan / ton, closed at 47320 yuan / ton, down 0.
23%.
The Shanghai Copper Index increased its short position by 5,792 contracts to 609,000 lots
.
Due to the easing of risk aversion in the market in recent days and the expectation of recovery in consumption of gold nine silver ten, copper prices opened lower and then rose
.
On the macro front, the optimistic rhetoric of the governor of the Bank of England has suppressed expectations of interest rate cuts and hedged the adverse risks of a hard Brexit, and the pound has risen against the dollar in the short term
.
Political turmoil in Italy has also cooled somewhat, with short-term news positive for the eurozone economy and positive for copper prices
.
The US September interest rate meeting is approaching, and the market is waiting for further guidance on the US dollar, which will affect the trend
of non-ferrous metals.
Domestically, the August CPI data recently released was in line with expectations, the domestic economic situation was still stable, and the market risk aversion eased
.
Today's US August PPI and China's social finance and other important data are about to be released, which need to be focused on and will form a guide
for copper prices.
In terms of spot, the Dragon Boat Festival is approaching recently, and the market is looking forward to holiday procurement, and the price of holders is strong, and it is difficult for the market to find low prices
.
It is expected that today's Shanghai copper 47000-47500 yuan / ton, London copper 5780-5820 US dollars / ton, spot premium 110-liter 140 yuan / ton
.
