January 16 Copper Market Brief Review

On Wednesday, the main contract of Shanghai copper 2003 opened at 49400 yuan / ton in the morning, and after a short period of stability at the opening, the center of gravity quickly fell to around 49300 yuan / ton until the end of midday; At the opening of the afternoon, copper prices continued to slide slightly to 49200 yuan / ton, and closed at 49260 yuan / ton, up 80 yuan / ton, or 0.
16%.

Sino-US trade is facing the signing of the first phase agreement, but due to the protracted and repeated nature of Sino-US trade, investors are less sensitive and the degree of market boost is limited, coupled with the market's war situation in the United States and Iran and the market's global economic demand is still worried, the daily copper price rush is slightly weak
.
Continue to pay attention to the guidance of recent domestic social finance data, which will affect the trend
of copper prices.

The Shanghai copper 2001 contract faced delivery during the day, opening at 49130 yuan / ton in the morning, and then sliding all the way to around 48990 yuan / ton to stabilize until the end of midday; In the afternoon, Shanghai copper opened low at 48860 yuan / ton, and then immediately rose to 48990 yuan / ton before continuing to fall, closing at 48950 yuan / ton, settlement price 49020 yuan / ton, the final position volume of 5980 lots, delivery volume of 29900 tons
.