September 28 Shanghai copper brief commentary

Approaching the 11th National Day, the copper inventory in the previous period fell by about 20,000 tons, and the consumption of copper in the industrial peak season may be transferred and released, driving the copper strength and toughness rebound
after midday.
At present, the market sentiment is intertwined, the sentiment of goods merchants light warehouse is increasing, and the price remains resilient
.

The subsequent fundamental situation remains logical, and bullish expectations are concentrated on the expansion of demand after the holiday, but from August, the power grid and air conditioning consumption have not improved significantly, and it still needs to be observed for a long time
.
It is expected that short-term Shanghai copper will still maintain a range shock trend, the high shock center of gravity will remain around 5-53,000, currently at the lower level of the shock range, and the night session may continue to rebound slightly, with a reference range of 5.
08-51,500
.
Operationally, it is recommended to focus on wait-and-see before the holiday, cautiously look at the pre-holiday price, and maintain the rigid demand inventory within the holiday
.