Fundamental analysis:
January 4 (Wed) announced the news: US gold crude oil rose, offshore RMB soared about 900 points to break through 6.87. The euro zone in December CPI jumped to 1.1%, a three-year high. Affected by this combination of factors, LME copper price shock upstream, late to close at $ 5,635 / ton, up 2.8% over the previous trading day. Shanghai copper main contract 1702 late to close at 45,360 yuan / ton, compared with the previous trading day down 1.15%. In this case,
Spot:
LME copper stocks decreased by 5950 to 305875 tons over the previous day, LME copper canceled warehouse receipts accounted for 35.63%. Domestically, by the futures price factors, the Yangtze River spot price of copper copper water premium 120 yuan / ton, premium copper premium of 60 yuan / ton. In this case,
8mm copper rod:
Compared with the previous trading day down 1.47%, indicating a strong desire for the upstream shipments, the price of copper fell to the previous day's trading volume, Turnover more active.
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