Copper ccmn. cn short comment: the US dollar stabilized and rebounded, and copper fell 0.9% under pressure overnight; The domestic epidemic situation has improved, the supply of raw materials is sufficient, the downstream consumption is still not ideal, and the cash exchange sentiment of commodity holders has increased. It is expected that copper will fall today.
[copper futures market]: the fear of further acceleration of global inflation suppressed the risk appetite of investors. The US dollar stabilized and rebounded due to the fear of risk aversion demand. The overnight copper volatility fell. The latest closing quotation was US $9439 / ton, down US $86, or 0.90%. The trading volume was 11987, an increase of 4270, and the position was 241591, an increase of 495. In the evening, Shanghai copper opened low and went low. The latest closing price of 2207 contract in the main month was 71550 yuan / ton, down 550 yuan, or 0.76%.
London Metal Exchange (LME) reported the latest inventory of lunlun copper at 149200 metric tons on May 31, a decrease of 5450 metric tons or 3.52% compared with the previous trading day.
Changjiang copper network news: today, Shanghai copper opened at a low price, and the latest opening price of Shanghai copper 2207 contract was 71600 yuan / ton, down 500 yuan. The domestic epidemic situation has improved, the supply of copper mines in the upper reaches has shown an increasing trend, the supply of raw materials in smelters is basically sufficient, the enthusiasm for production scheduling is high, the consumption in the lower reaches is still not ideal, the cash exchange sentiment of commodity holders is increasing, the short-term demand is still on the sidelines, which does not support the continued sharp rise in prices, and the short-term trend of copper prices is suppressed. It is expected that copper prices will now fall.
Post time: Jun-01-2022