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Overnight, the Shanghai copper 1912 contract opened at 47440 yuan / ton, after the opening copper price fluctuated upward, tested high to 47590 yuan / ton and then fell back to 47480 yuan / ton in the short term, and then copper prices rose again, testing 47610 yuan / ton and maintaining a high level
.
Finally, Shanghai copper closed at 47580 yuan / ton, up 0.
51%.
In terms of spot, due to the recent market low price receipt, so the holders took the opportunity to pull prices, and there was no greater willingness to sell goods for cash at the end of the month, so the market transaction pattern was deadlocked, which is expected to remain
today.
It is expected that today's Shanghai copper 47300-47700 yuan / ton, spot premium 10-40 yuan / ton
.
At present, the British Parliament has approved an early general election in December, and China said that trade negotiations are continuing and have made some progress, and the US existing home sales index in September increased by 1.
5% month-on-month, which is positive
for copper prices.
In addition, yesterday there was a strike in Chile, and supply-side disturbances also formed some support
for copper prices.
