doggyrichesslot| Shanghai copper increased position at the 81,000 mark: domestic inventories rose by 132,000 tons, and it is recommended to wait and see

Newsletter summary

The main futures price of Shanghai copper went up after the night market was weak.Doggyrichesslot, break through 8Doggyrichesslot.10,000; volatility of zinc futures in ShanghaiDoggyrichesslotAffected by financial attributes; the price of Shanghai nickel futures rebounded after the dive, and it is recommended to do more for bargains. The short-term copper price is expected to fluctuate around 80,000, and the zinc price is expected to be around 2.Doggyrichesslot.3-24000, nickel price may be in the 14-148000 range. Domestic industrial chain inventory rises, downstream wait-and-see mood is strong, spot rise discount fluctuates, transaction is deserted.

Text of news flash

[Shanghai Copper leads the market rebound, investors should keep a cautious wait-and-see attitude]

After experiencing the night market volatility, the Shanghai copper market increased its positions during the day and successfully stood at the 81000 mark. After the copper price fell below 80,000 on Thursday, the market was worried about the situation in the Red Sea, precious metal prices rose sharply, and the copper market also benefited from the rebound in financial attributes. However, the domestic industrial inventory is high, the downstream wait-and-see mood is strong, and the domestic explicit inventory has increased by nearly 132000 tons compared with the same period of last lunar calendar. Investors should pay close attention to the short-term volatility of copper prices and suggest staying on the sidelines.

[Shanghai zinc market first suppressed and then rose, price range fluctuated]

Today, the Shanghai zinc market first suppressed and then rose, and the overall price fluctuated around 23400. The reason for the rise in zinc price is similar to that of copper, which is affected by financial properties. At the industrial level, the high level of overseas zinc goes to the warehouse slightly; the domestic spot maintains a discounted state, and the rising zinc price leads to the social treasury not to get tired. Macro positive and industrial negative intertwined, zinc prices are expected to fluctuate in the range of 23000-24000. Investors suggest wait and see. [Shanghai nickel price rebounded after opening low, investors can be long on bargain]

The main futures price of Shanghai nickel once fell to the first line of 142000 in early trading, fluctuating between 14.3 and 144000 as a whole. The overall decline of non-ferrous metals last week, the decline in nickel prices was accompanied by an increase in positions, indicating that nickel is still regarded as a short allocation in the non-ferrous sector. Non-ferrous metals rose sharply in April, with a small increase in nickel prices and a high margin of safety. Investors can consider bargain-hunting in the range of 14-148000. [trends in copper industry: spot rising water continues to rise, and market transactions are deserted]

On May 13th, the spot price of electrolytic copper offered a discount of 70 yuan / ton to the 2405 contract of that month-30 yuan / ton, with an average discount of 50 yuan / ton, up 10 yuan / ton compared with the previous trading day. The Shanghai Copper 2405 contract opened low in early trading and then shot higher, and the expansion of the monthly difference led to increased sentiment among consignors to cover goods and cherish sales, and the Shengshui offer was firm. Downstream due to large fluctuations in the market price willingness is not high, the market transaction is deserted. According to SMM research, inventory in the Shanghai area is 276900 tons this week, and it is expected that it is easier to rise than to fall before delivery. [nickel industry trends: market mainstream reference contract Shanghai Nickel 2406 contract]

On May 13th, the mainstream reference contract of refined nickel in Shanghai market is Shanghai Nickel 2406 contract. Jinchuan electrolytic mainstream discount + 1600 yuan / ton, price 144930 yuan / ton; Russian nickel mainstream discount-300 yuan / ton, price 143030 yuan / ton; Norwegian nickel mainstream discount + 3700 yuan / ton, price 147030 yuan / ton; nickel bean mainstream discount-3000 yuan / ton, price 140330 yuan / ton.

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