Daily review: Shanghai copper futures face a change in the market for guidance
weaker dollar index concussion, today morning Aaron copper opened lower after slightly higher, as of 16:00 (Beijing time), the London metals ( LME） Copper latest offer $4630 rose $8.
2, domestic futures today Shanghai copper open slightly lower after the shock, rose slightly, in late 1605 the current month contracts opened 35270 35300 36460 35000 less settlement, or closed at 35510 yuan/ton, compared with the previous one day rose 200 yuan/ton, up to 0. 57%; Positions, clinch a deal in Shanghai all contracts 595480 hand today, holdings reduce 2066 to 781236 hands. Main contract deal 384188 hands, holdings to reduce 2074 to 328590 hands. Futures faced in months, the market strong wait-and-see mood, there are still pressure rise in short-term.
3, the spot market, according to statistics show spot 1 # copper price quotation on May 16, 35470 - 35490 yuan/ton, compared with the previous trading rose 90 yuan/ton, discount discount 30 to 10 yuan/ton; Shanghai spot 1 # electrolytic copper 35340 yuan/ton, compared with the previous trading day up 40 yuan/tons, smooth water copper 35330 clinch a deal the price to go up to 40, 35350 litres of copper price rise 40; Guangdong spot 35320-1 # copper prices 35520 yuan/ton, compared with the previous trading day up 80 yuan/ton; Huatong spot 35495-1 # copper prices 35515 yuan/ton, compared with the previous trading day up 90 yuan/ton; Spot copper edged up today, shipment of traders actively, but the market would like attitude, do not improve.
related to watch
electric on May 16, according to the news, the south Korean public procurement agencies ( PPS) Said in a statement on its web site, South Korea is by means of bid invitation for purchase on August 26, arrived in 1000 tons of copper and 100 tons of tin. Bidding '
date will be May 26, other details are as follows:
metal quantity ( Tons) Bidding start time
purity copper minimum 99 1000 (0600 GMT).
99% sn 100 minimum 99 (0700 GMT). 85%