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    Home > Chemicals Industry > New Chemical Materials > Shanghai copper morning review on September 5

    Shanghai copper morning review on September 5

    • Last Update: 2022-12-06
    • Source: Internet
    • Author: User
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    Overnight, the main force of Shanghai copper was changed to the 1711 contract, opened at 53150 yuan / ton, the overall trend of wide volatility upward, a wave of rushing back down at the beginning of the session, to the low of 53140 yuan / ton after rising upward, the center of gravity slowly rising, touching the high of 53360 yuan / ton, and finally closed at 53320 yuan / ton, up 220 yuan / ton, warehouse increased by 2406 hands to 165,000 lots
    .

    Shanghai copper

    In terms of the market, as of 2017-9-4, the spot price of SMM 1# electrolytic copper is 53020 yuan / ton, up 450 yuan / ton from the previous day, and the premium is 10 yuan / ton compared with the recent month contract, copper prices maintain a strong upward trend, but the ratio is difficult to repair, copper supply is difficult to improve in the short term, so the holder's quotation is still firm, the willingness to raise water remains strong, although the downstream has recognized the upward trend, but still hesitates to follow the rise, the market is difficult to get rid of the supply and demand deadlock.

    Overnight metals were mixed, mainly due to the market's expectation of a stable economic recovery and the future shortage of copper supply, and the general environment was bullish
    .
    The Shanghai ratio has reached a low of 7.
    70, the willingness to rise in the internal market is not strong, and the upper pressure is becoming more and more obvious after the copper price stands at 6900 US dollars / ton, and it is expected that there will be some repetition
    around 6900 US dollars / ton.
    It is expected that today's London copper range is 6880~6935 US dollars / ton, and Shanghai copper 1711 range is 53000~53450 yuan / ton
    .

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