Changjiang copper price copperFreedrawpokeronline.ccmnFreedrawpokeronline.cn essayFreedrawpokeronlineA weak dollar and a strong demand outlook pushed copper prices higher, with overnight copper rising more than 2% to a 25-month highFreedrawpokeronlineChina's macroeconomic indicators are positive, the supply of raw materials is tight to support prices, and copper is expected to rise today.
[copper futures market] the weak US dollar and the strong demand outlook pushed copper prices higher, risk appetite rose sharply, and overnight copper rose strongly, reaching a 25-month high. The latest closing price was US $10282 / ton, up US $207, or 2.05%. The trading volume increased by 44107 lots, and the position increased by 336977 lots. In the evening, Shanghai Copper opened higher and lower after horizontal market shock finishing Yang, the latest closing price of the main monthly 2407 contract was 82100 yuan / ton, up 170yuan, or 0.21%.
London Metal Exchange (LME) London Copper on May 15, the latest inventory of 104625 metric tons, down 125 metric tons from the previous trading day, or 0.12%.
Changjiang Copper Network News: Shanghai Copper opened high today, with the latest opening price of 82500 yuan / ton for the main monthly 2407 contract at 09:01, up 570 yuan. With a weaker dollar, optimistic adjustment of positions by investors and positive macroeconomic indicators in China, and tight supply of raw materials to support prices, with continued global attention and investment in the green energy industry, there is a widespread bet that copper prices will benefit from additional demand in the industry and are bullish on the outlook for copper demand. At present, domestic downstream consumption is still resilient, and the acceptance of high copper prices is gradually increasing, showing a pattern of on-demand procurement as a whole. At the same time, air conditioning sales remain strong, and the production and sales data of new energy vehicles continue to be strong. On the whole, the current upward momentum of copper prices is abundant, and copper prices are expected to continue to rise in the short term. Investors should pay close attention to market developments and seize investment opportunities.
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