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    Home > Chemicals Industry > New Chemical Materials > Shanghai copper morning review on September 4

    Shanghai copper morning review on September 4

    • Last Update: 2022-12-06
    • Source: Internet
    • Author: User
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    On Friday night, Shanghai copper 1710 opened at 52530 yuan / ton, followed the external market to run around 52650 yuan / ton, continued to climb upward after a short consolidation, pulled up to a high of 52880 yuan / ton, giving up a slight increase at the end of the session
    .
    It closed at 52,830 yuan / ton, up 110 yuan / ton, and the warehouse increased by 1,284 lots to 171,000 lots
    .

    Shanghai copper

    In terms of the market, as of 2017-9-1, the spot price of 1# copper was 52630 yuan / ton, up 360 yuan / ton from the previous week, 50 yuan / ton discount compared with the near-month contract, and maintained the discount of 130-70 yuan / ton range at the beginning of the week, Shanghai-London ratio continued to decline, import supply was reduced, some hedging disks were still blocked, good copper took the lead in narrowing the discount, good copper led by traders during the week, and the downstream maintained just need to purchase
    .

    On Friday, the metal sector was generally red, the US dollar will remain low in the short term due to the weakening of North Korea's test launch and non-farm payrolls, which is good for copper prices, the market bullish copper price atmosphere is still strong, the current London copper moving average is still in a long arrangement, there is still a certain distance from the five-day moving average below, and it is expected to continue to rise
    in the short term.

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