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    Home > Chemicals Industry > New Chemical Materials > Shanghai copper afternoon review on September 13

    Shanghai copper afternoon review on September 13

    • Last Update: 2022-12-12
    • Source: Internet
    • Author: User
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    Shanghai copper opened higher yesterday evening, and the latest closing price of the main month 1811 contract was 48300 yuan / ton, up 740 yuan, or 1.
    56%.

    Shanghai copper

    Domestically, the growth rate of money supply fell in August, and social finance exceeded market expectations
    in August.
    Shanghai copper 1811 closed up 1.
    56% at 48300 yuan / ton; Shanghai aluminum 1811 closed down 0.
    17% at 14570 yuan / ton
    .

    Fundamentals, LME and domestic copper inventories continue to decline, domestic spot premium narrowing, downstream demand remains stable, fundamentals continue to be more trend, in view of the current macro atmosphere has warmed up, the non-ferrous sector has received a certain boost, copper prices short-term rebound probability increased
    .
    In terms of operation, customers in the downstream industry of Shanghai copper 1811 contract can consider a small amount of bargain buying and locking costs in the area around 47,000-48,000 yuan / ton, and individual investors can focus on short ideas and set stop losses
    .

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