June 3 Shanghai copper morning review

Market: On June 2, Shanghai electrolytic copper spot reported a premium of 80-120 yuan / ton, and a flat water copper transaction price of 35360-35460 yuan / ton
.
In the morning, copper reported a premium of 100 yuan / ton, and some large traders led the market to digest low-priced supplies, and quickly raised the premium quotation, and the market had a strong atmosphere of rising prices
.
The sentiment of the holders of goods heated up, and soon increased to 110 yuan / ton
of good copper premium.
As a result, the market is difficult to find low-priced goods, and the transaction market has changed from active to calm, but there is still no lack of inquiries
.

In terms of stocks: As of May 27, the previous period of Shanghai copper stocks reported 221212 tons, a sharp weekly decrease of 36,122 tons, the tenth consecutive week of decline, and the decline further expanded, close to the low point set on January 29 this year, a cumulative decrease of 173565 tons or 44%.

The main oscillations of Shanghai copper rose slightly overnight, but still ran below the main moving average group as the dollar index remained strong and OPEC did not reach an agreement
to cut production.
It is recommended that the Shanghai copper 1608 contract can be sold high and low between 35000-35800 yuan, and the stop loss is 350 yuan / ton
each.