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Today's Shanghai copper main contract 1708 opened high, the end of the strong close to 45930 yuan / ton, close to the intraday high of 46000 yuan / ton, up 1.
48% per day, the current Shanghai copper rose above the main moving average group, above the M60 average suppression that is, 46400 yuan / ton
.
In terms of term structure, the copper market maintained a positive arrangement of near low and far high, and the positive price difference between Shanghai copper 1706 contract and 1707 contract remained at 70 yuan / ton
.
In the external market, the Asian market London copper oscillation rebound, of which the 3-month London copper operating range of 5753-5719 US dollars / ton, slightly down 0.
08% to 5744 US dollars / ton, copper prices back to the moving average group running, the technical form is stronger than Shanghai copper
.
In terms of positions, on June 7, the position of London copper was 330,000 lots, a slight increase of 46 hands per day, and the recent fluctuation of London copper position reduction oscillation shows that long and short trading is cautious, and the sentiment of the copper market is still relatively sluggish
.
On the macro front, the Asian dollar index rebounded and is now trading around 97.
36, the third consecutive day of gains, partly affected by the British election
.
With the results of the UK parliamentary election so far, a "floating parliament" will be determined, the Conservative Party has only won 313 regional seats, and there is no possibility
of winning a majority of 326 parliamentary majorities.
In addition, China's May PPI was 5.
5% year-on-year, worse than expected and the previous value
.
In the copper sector, Freeport McMullen said on Thursday that talks are underway
with Indonesia for a new agreement for the Grasberg copper-gold mine.
In terms of the market, on June 9, Shanghai electrolytic copper spot contracts reported a premium of 10 yuan / ton - 50 yuan / ton of premium, flat water copper trading price of 45640-45710 yuan / ton, and premium copper trading price of 45660-45740 yuan / ton
.
Shanghai copper soared, the market part of the value preservation plate was trapped, the holder in order to make up for the loss continued to raise the current copper premium quotation, some middlemen in order to pull the low cost, into the market to receive goods, imported wet copper is still lack of interest, quotation is difficult to improve, and flat water copper to maintain a large price difference, downstream in the copper price after the sharp rise in the performance of caution, transaction cautious
again.
The Shanghai copper 1708 contract closed strongly at 45,930 yuan / ton during the day, and the willingness to rebound climbed significantly, as China's import and export trade data improved in May and copper imports rose month-on-month in May
.
In terms of operation, it is necessary to change the operation idea, it is recommended to change from oscillation to more, it is recommended that the Shanghai copper 1708 contract can be backed by 45300 yuan above the dip, the entry reference is around 45800 yuan, and the target is 46500 yuan / ton
.
