whiterabbitslotfree| Shanghai copper 2406 contract fluctuated and closed higher: fundamentals supported copper prices to break through the technical level of 78900 yuan

Newsletter summary

Shanghai Copper 2406 contract broke through the technical level, focusing on the performance around 78900 yuan in the short term; Shanghai Aluminum 2406 contract closed higher, overseas aluminum inventory worries; iron ore main rise, port accumulation; coking coal main concussion rise, domestic coal low, demand improvement.

Text of news flash

Shanghai Copper 2406 contract closed higher today, fundamentals support copper price rapid breakthrough technical level affected by low processing fees and smelter maintenance, Shanghai Copper 2406 contract closed higher today. Market analysts point out that the current copper priceWhiterabbitslotfreeThe fundamental support is strong, especially after rapidly pulling up and breaking through the technical level, the performance of short-term copper price around 78900 yuan is worth paying attention to. However, the market advises investors not to chase higher in the short term. Shanghai Aluminum 2406 contract closed higher today, but faced with concerns about the inflow of overseas aluminum inventories, driven by the non-ferrous metal plate, the early shock of Shanghai Aluminum 2406 contract strengthened. However, concerns about the inflow of overseas aluminium inventories remain, which poses resistance to the rise in short-term aluminium prices. The main iron ore company rose, and the accumulation of storage in the port led to the shock operation of the iron ore price, but the main iron ore company rose today, but the port inventory continued to increase, and the pressure above gradually appeared, leading to the shock operation of ore prices. The main concussion of coking coal rose, the low operation of domestic coal, the second round of coke rising and landing coking coal rose today, domestic coal remained low, but the demand margin improved. In addition, the second round of coke rally has landed on the ground, forming a certain support for the coking coal market.