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    Home > Chemicals Industry > New Chemical Materials > Shanghai copper afternoon review on September 6

    Shanghai copper afternoon review on September 6

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    Last night, the internal and external trading rose sharply across the board, with Shanghai copper opening at 47,520 yuan / ton, and a high of 47,780 yuan / ton
    .
    The Shanghai Copper Index fell by 5,736 contracts to 622,000 lots, mainly reflected in the reduction of short positions
    .
    Last night, copper prices walked out of a new high in recent days, mainly due to the resumption of trade negotiations between China and the United States to ease market tensions, coupled with the arrival of the "Golden Nine Silver Ten" market expectations for consumption recovery, supporting copper prices higher
    .
    U.
    S.
    crude oil was also boosted as oil prices broke through the 56 mark last night with better-than-expected data on crude inventories
    .

    Shanghai copper

    At present, the resumption of a new round of high-level consultations between China and the United States has boosted market sentiment, and market risk aversion has eased, and CMX gold fell by 2.
    2%.

    Domestic counter-cyclical regulation and control policies have frequently emerged, and efforts have been intensified to promote the "six stability" work, which has provided support
    for stable economic growth.
    In summary, with the market's optimism about consumption in September and October, coupled with the improvement of trade sentiment, the performance of the copper market is good, and the overall performance of copper prices has risen in recent days, and it is expected to continue to maintain a high volatility pattern
    today.
    At present, Shanghai copper has jumped high, breaking through the upper Bollinger band and all daily moving averages, and the technology has some support
    for Shanghai copper.

    In terms of spot, due to the recent market has large consumer expectations, the market trading performance is positive, giving holders a reason to hold prices, although the current market price is sharply higher, but the market slightly low price can attract the market to buy, it is expected that today's spot quotation will continue to remain high
    .
    It is expected that today's Shanghai copper 47400-47900 yuan / ton, spot premium 110-liter 140 yuan / ton
    .

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