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Today's Shanghai copper opened high, the current month 1607 contract opened 36480 high 37200 low 36410 settled at 36830, the tail market closed at 37140 yuan / ton, up 770 yuan, or 2.
12%.
Affected by the decline of the US dollar index, the metal market is active today, the trend of Shanghai copper is good, and the market's expectations for the introduction of stimulus policies by the People's Bank of China have heated up again, and Shanghai copper may still have upside in the short term
.
Abroad, after two days of the plunge, the global market began to show signs of stabilization, the pound stabilized, European stocks rebounded across the board, market sentiment was boosted, today London copper opened higher, as of 16:00 Beijing time, London metal (LME) copper latest quotation of $4780 rose $75
.
In terms of the market, today's Shanghai electrolytic copper spot reported a premium of 10-liter 70 yuan / ton, and the transaction price of flat water copper was 36580-36960 yuan / ton
.
The current copper price is fully at 36,000 yuan / ton, and the downstream fear of heights only maintains on-demand procurement; Traders continue to be the main force
of market inquiry and transaction.
The quotation of the holder remained stable at the premium of 80 yuan - 120 yuan / ton, and the trader continued to receive the goods to complete the long order
.
Market quotations are firm, low-priced goods are difficult to find, although the inquiry is active, but the transaction deadlock pattern is difficult to break for the time being, and the transaction volume is gradually shrinking
.
In terms of industry, Tokyo, June 28 news, preliminary data released by the Japan Copper and Brass Association on Tuesday showed that after seasonal adjustment, Japan's May extended copper production increased by 1.
5% from the same period last year to 61,970 tons
.
Japan's May rolled copper production fell 2.
3 percent
from 63,431 tonnes produced in April, according to the Japan Copper and Brass Association.
Today's Shanghai copper 1609 contract rose strongly to 37200 yuan / ton, returning to above M60, as market uncertainty was lifted after the Brexit referendum, while ferrous metals rose strongly, driving domestic commodity market sentiment
.
It is recommended that the Shanghai copper 1608 contract can be backed above 36,800 yuan, with an entry reference around 37,000 yuan and a target of around 37,500 yuan
.
