Brief review of Shanghai copper on August 31

In terms of fundamentals, the current TC price continues to rise, coupled with the rumors of domestic storage dumping, so the supply side has a more negative impact on copper prices, while on the demand side, copper varieties have not been accumulated immediately after entering the off-season, and the future market needs to continue to pay attention to the emergence
of inventory inflection points.

Domestic August official manufacturing PMI data continued to decline, superimposed on industrial production and profit and other data combined, the second half of the domestic economic growth pressure form has basically settled, pay attention to the follow-up central bank and fiscal policies on the economic support effect, and for copper prices, the price ceiling in the second half of the year will be greatly affected, in the recent demand season is approaching market confidence is strong, has a certain role in promoting prices, pay attention to the pressure of the main force of Shanghai copper 70,000 mark, Or do a shock scramble on the 6.
95-70,600 line, waiting for more strong possibilities from fundamental or news stimulation
.
In operation, pay attention to the possibility of falling back in the night session, and properly enter the downstream to take goods
.