May 19 Shanghai copper brief commentary

The United States and Europe metal tariff contracts and other good news out, domestic and foreign exchanges on copper speculation inhibition increased, although there is green energy demand and supply side Chile copper mine pressure in the medium and long term, but the capital level momentum weakened prices will further return to the recent consumption and other fundamental conditions, copper prices high still have a restraining effect on downstream consumption, it is recommended to pay attention to the consumption of Shanghai copper inventory, the recent high volatility is weak, or the shock range downward exploration
.

In the copper market, all domestic and foreign copper spot discounts, indicating that spot is resistant to rising prices, and domestic inventories continue to increase
.
This year's domestic peak season is not busy, and the better-performing air conditioning industry has signs of
ending the peak season early.
Technically, the copper uptrend is still ongoing, with key support at the original all-time high of $
10,190.