crashbandicootcollection|沪铜市场今日大跌470元/吨 跌幅0.57%

Newsletter summary

The Shanghai copper market opened and dived today, and the 2406 contract closed down 0.CrashbandicootcollectionSpot copper prices generally fell by .57%. The depressed trading atmosphere in the market, the fatigue of US non-farm data, tensions in the Middle East and the departure of funds put pressure on copper prices. Short-term Shanghai copper is expected to fluctuate in the range, and it is recommended to sell short whenever it is high, and be careful to deal with market fluctuations.

Text of news flash

[developments in the Shanghai copper market on May 6th: today, Shanghai copper opened with a dive, and the quotation and trading volume of 2406 of the main contracts fluctuated significantly] Today, the Shanghai copper market showed weakness, and the price fell rapidly after the opening. 2406 the opening price of the contract is 80220 yuan / ton, with a maximum of 81340 yuan / ton in intraday trading and a minimum of 80140 yuan / ton. Compared with yesterday's settlement price of 81770 yuan / ton, today's closing price was 81300 yuan / ton, a decrease of 0.57%. Trading volume, the main contract 2406 full-day trading volume of 72291 lots, position of 189547 lots. [Changjiang Copper net spot copper prices fell, regional prices fluctuated violently] domestic spot copper prices also fell. The spot price of copper in the Yangtze River was 80870 yuan / ton, down 690 yuan from the previous trading day, with a discount range of 100-60 yuan, up 30 yuan from the previous month. The spot copper price in Guangdong was 80790 yuan / ton, down 590 yuan, with a discount range of 260-60 yuan, up 130 yuan from the previous month. The price of copper in Shanghai was 80830 yuan / ton, down 670 yuan, with a discount range of 160 yuan to 80 yuan, up 50 yuan from the previous month. [copper market analysis: low turnover during the holiday season, weak risk sentiment] affected by the holidays, the London Metal Exchange (LME) is closed, indefinite trading information. The spot market after the holiday transaction performance is not good, the holder is unwilling to reduce the price to ship, the downstream enterprise maintains the wait-and-see situation, only carries on the limited replenishment. The overall trading atmosphere is relatively deserted today. Although the US non-farm data in May was weak, it did not support copper prices, and the overall market risk sentiment was weak, which had a negative impact on metal demand. In addition, tensions in the Middle EastCrashbandicootcollectionThe upgrade led to a rebound in the dollar, a safe haven asset, which weighed on copper prices. [market operation suggestion: whenever selling short, pay attention to the risk of market fluctuations] during the holiday season, copper inventory consumption is poor, spot rising water is blocked, the market is not attractive enough to buy, spot buying is insufficient, further dragging down copper prices. However, the price centre of gravity is still relatively stable and market sentiment has not yet completely shifted. In the short term, Shanghai Copper is expected to continue to operate in the range. In view of market fluctuations, investors are advised to adopt the strategy of selling short at high prices to deal with the risk of market fluctuations cautiously.