vvvcoinmaster| Main force of Shanghai copper futures: Copper prices are expected to fluctuate at a high level in the short term, and the 06 contract focuses on 77800 support

editor editor
66
2024-05-11
Newsletter summary The main contract of Shanghai copper futures rose slightly by 0% in Friday night trading.Vvvcoinmaste...

Newsletter summary

The main contract of Shanghai copper futures rose slightly by 0% in Friday night trading.Vvvcoinmaster.31%, at 80500Vvvcoinmaster.00 yuan. East China Sea futures suggest short-term wait-and-see, safe grain futures believe that copper prices enter the bubble stage, it is recommended that bulls gradually defend against high prices.

vvvcoinmaster| Main force of Shanghai copper futures: Copper prices are expected to fluctuate at a high level in the short term, and the 06 contract focuses on 77800 support

Text of news flash

[the main contract of Shanghai copper futures showed a strong performance in Friday night trading, reaching as high as 80740.00 yuan, and finally closed at 80500.00 yuan, up 0.31%] the main contract of Shanghai copper futures showed a strong trend in Friday night trading, rising to 80740.00 yuan at one time. At the close, the price of the main contract of Shanghai Copper was fixed at 80500.00 yuan, realizingVvvcoinmasterAn increase of 0.31%. Investors have different views on the future market, and the analysis of relevant institutions provides different perspectives. First, some institutions expect copper prices to fluctuate at high levels in the short term. In the domestic market, although the current inventory is high and the supply of electrolytic copper is relatively loose, the downstream purchasing intention is weak because the copper price is at a high level. In addition, the uncertainty of overseas macro data has increased, which further contributed to the high volatility of copper prices. In operation, it is recommended to pay attention to the price support of 77800 yuan under the 06 contract. The view of Donghai futures is that copper prices should be wait-and-see in the short term. The direction of overseas macro expectations is not clear, and the dollar index rebounded again after falling, triggering a resonant fall in the prices of commodities such as non-ferrous metals. On the supply side, the disturbance in the copper mine continued, and the coarsening processing fee was reduced to US $3.50 / ton. On the demand side, due to the restraining effect of high prices, downstream enterprises mainly focus on rigid demand procurement, and downstream production has declined significantly compared with the same period last year. Under the influence of macro expectations and dollar index, the price of copper and itsVvvcoinmasterThe price of his non-ferrous metals stabilized and remained volatile after the fall. Safe Food Futures believes that copper prices have entered a bubble stage after breaking through the high point of Cambo. The adjustment in US bond interest rates may be coming to an end, especially after the May Fed meeting, when the market officially entered the mid-June meeting window. Continued domestic policy support, including financing data, real estate policies and interest rate cuts, are providing positive expectations for the market. However, in the current stage of marginal impact and raw material shock disturbance, the market holds expectations for production reduction, and the phased influence is a game between reality and expectation. Investors need to grasp the difference between the trend market and the stage market. In terms of operational suggestions, it is recommended that bulls gradually adopt a defensive strategy after the copper price breaks through the Kangbo high, while the bears try it in the distant month, depending on the weak market. Overall, despite the short-term uncertainty of copper prices, the market demand and supply factors for copper are still worthy of investors' close attention. In operation, it is suggested that investors should formulate appropriate investment strategies according to market dynamics and their own risk preference.

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