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    Home > Chemicals Industry > New Chemical Materials > Shanghai copper morning review on September 19

    Shanghai copper morning review on September 19

    • Last Update: 2022-12-06
    • Source: Internet
    • Author: User
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    The main force of Shanghai copper 1711 showed a wide range of oscillations, the operating center of gravity remained around 50650 yuan / ton, and rose slightly to 50890 yuan / ton at the beginning of the session, but then fell to 50460 yuan / ton, and repaired to around
    50680 yuan / ton at the end of the session.
    It finally closed at 50,670 yuan / ton, up 320 yuan / ton, recording a doji line, and the warehouse increased by 1950 to 191,000
    .

    Shanghai copper

    In terms of the market, as of 2017-9-18, the spot price of SMM 1# electrolytic copper is 50580 yuan / ton, up 215 yuan / ton from the previous day, and 60 yuan / ton higher than the near-month contract, yesterday was the first trading day after the change of month, the spot premium still maintained a gradual upward rise, speculative traders entered the market and rose slightly cautiously, and the downstream became the main buying force
    .

    Copper prices were supported to stop falling on the early shock platform, and the continuous LME copper delivery behavior and the decline in black series increased the market long and short divergence
    .
    The spot price of Shanghai copper is relatively firm, and it still maintains a premium structure, which supports the copper futures price
    .
    As the panic caused by the delivery subsides, copper prices are expected to stop falling and stabilize, and copper prices may build a sideways consolidation trend
    under the short-term long and short intertwined.

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