645jackpotprizetoday| Yangtze River Nonferrous Metals: Copper prices continued to fall on the 7th. The overall trading atmosphere was cautious

The trend of Shanghai copper market on May 7: the high opening of Shanghai copper fell today645jackpotprizetodayThe market continued to decline in the afternoon, with the opening price of the main monthly 2406 contract at 81300 yuan / ton, with an intraday high of 81680 yuan / ton and a minimum of 80490 yuan / ton. Yesterday it closed at 80900 yuan / ton, and closed at 80500 yuan / ton today, down 400 yuan, or 0.645jackpotprizetoday.49%. The daily turnover of the main 2406 contracts of Shanghai Copper increased by 37852 lots, while the position volume of 187279 lots decreased by 2268 lots.

Changjiang copper industry net copper price statistics: today, the domestic spot copper price continued to decline, the Yangtze River spot copper price was 80640 yuan / ton, down 230yuan, the discount was 80-40, up 20 yuan; the Yangtze River comprehensive copper price was 80595 yuan / ton, down 235 yuan, 160-discount 50, up 15 yuan; Guangdong spot copper price quoted 80540 yuan / ton, down 250 yuan, discount 260-discount 60, flat The price of copper in Shanghai was 80600 yuan / ton, down 230 yuan, discount 140-discount 60, up 20 yuan.

Analysis of the copper market of the Yangtze River non-ferrous metal net: during the Asian session, Lunzhong was running high. The latest offer at 15:01 Beijing time was US $10000 / ton, up US $86 / ton, or 0.645jackpotprizetoday.87%. The supply of goods in the spot market is loose, but the holders continue to pay a high price, and the downstream consignors have no intention of the high price. At present, the market is still dominated by bargain-seeking rigid demand replenishment, the overall trading atmosphere tends to be cautious, demand release appears to be relatively weak. In May645jackpotprizetodayAt the meeting, Federal Reserve Chairman Colin Powell's speech was skewed towards doves, while weak data such as non-farm payrolls rekindled market expectations of Fed interest rate cuts. In addition, the growing supply problem of overseas copper mines provides additional price support for copper prices. However, more goods arrived during the May Day holiday in China, resulting in the accumulation of copper inventory in Shanghai, which reflects the current weak state of terminal demand. As a result, copper prices are still under some pressure. In the short term, Shanghai Copper may continue to maintain a high callback finishing trend.

Changjiang Nonferrous Metals net www.ccmn.cn Tel: 0592-5668838