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Daily review: the stock market rise continuously boost high copper prices in more than eight months

by:Deyuan      2020-12-25
Copper analysis

1, the international market, Britain's new prime minister's arrival to the global political face uncertainty concerns eased, global equity markets boost investor risk appetite, Aaron copper sharply higher today, between plate breaks through the $5000 mark, once in the afternoon the dollar index according to rebound, copper to recover some of their gains, as of 16:00 (Beijing time), the London metals ( LME) Copper latest offer $4946 up $60. Market focus on Friday June CPI data.


2, domestic futures today after Shanghai copper rose sharply higher, the current month 1607 contracts opened 37100 high low settlement 38370 36890 39200, or 38530 yuan/ton, up 1520 yuan, to rise up to 4. 11%; Positions, clinch a deal today Shanghai copper all contract 1312548, 50306 to 638266 hand more holdings. Main contract volume 876672, 31690 to 295230 hand more holdings. A weaker dollar and global easing monetary policy is expected to promote the market risk preference, sparked a lot of short-covering, leave high to go high in Shanghai today, short-term is expected to maintain a strong trend.


3, the spot market spot on July 13, according to statistics, 38180-1 # copper 38200 yuan/ton, compared with the previous trading rose 1040 yuan/ton, 20 to 40 liters of litres of water; Shanghai spot 1 # electrolytic copper 38510 yuan/ton, up 1460 yuan, smooth water copper clinch a deal the price 38490 yuan rise 1460 yuan, 38530 litres of copper price rise 1460 yuan; Guangdong spot 1 # copper prices at 38180 yuan/ton, up 1020 yuan/ton; Huatong spot 1 # copper prices at 38215 yuan/ton, up 1040 yuan/ton; Today spot copper prices rose sharply, some traders are pretty price, downstream cheap supply of goods is not much, the market is still mainly on-demand procurement, clinch a deal. Four, industry information


recently, liang in tongling, anhui new three board companies that is fluid, copper government announcement said respectively for flood disaster has been halted. Since June 2016, anhui tongling suffered continuous heavy rain weather, lead to the red star river river spillover. Tongling city north road of two companies that avenue that is fluid, copper government companies are greatly influenced by the flood.
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