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    Home > Chemicals Industry > New Chemical Materials > Shanghai copper afternoon review on September 27

    Shanghai copper afternoon review on September 27

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
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    Overnight, the Shanghai copper 1911 contract opened at 47100 yuan / ton, and after the opening, copper prices fluctuated downward, and the center of gravity of copper prices moved down to 46950 yuan / ton
    .
    Copper prices then briefly sideways, then began a straight decline, copper prices quickly retreated, low to 46660 yuan / ton, and then Shanghai copper at the low level to remain volatile
    .
    At the end of the session, it closed at 46,730 yuan / ton, down 0.
    83%.

    Shanghai copper

    At present, the US index has soared all the way to around 99.
    2, which is not conducive
    to the rise of copper prices in the later period.
    Sino-US trade sentiment has eased, but there has been no improvement in trade substance, risks remain, and it is difficult to say good for copper prices
    .
    In Europe, its central bank governor also indicated that there are no signs of rebound, and the manufacturing industry is particularly sluggish
    .
    At present, copper prices are affected by weak macro and the US dollar's high upward rush, coupled with the recovery of domestic gold, silver and ten consumption is less than expected, and the support for Shanghai copper is limited
    .

    The spot market has a strong holiday atmosphere recently, and holders are worried about inventory pressure during the holiday, vigorously selling goods to reduce the premium, and it is expected that it is difficult to stop the decline in quotations today
    .
    It is expected that today's Shanghai copper 46500-47000 yuan / ton, spot discount 30-liter 30 yuan / ton
    .

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