SMM, May 16 / PRNewswire-Asianet /-
Today, Shanghai Copper main 1907 contract opened in the morning at 47800 yuan / ton, followed by the disk center of gravity in the vicinity of 47770 yuan / ton, and in 47730 to 47810 yuan / ton shock finishing. After that, the short position was reduced and the center of gravity of the disk was moved up to 47810 yuan / ton narrow range concussion finishing. In the afternoon, copper prices further steadily reached an intraday high of 47880 tons / yuan, due to lack of confidence in the market, the high is difficult to hold, and then fell to a low of 47740 yuan / ton, closing at 47790 yuan / ton, up 190 yuan / ton, up 0.4 per cent. 1907 contract volume fell 33000 hands to 126000 hands, compared with 230000 hands in the Shanghai Copper Index today. 1907 contract position decreased by 1368 to 214000, 1906 contract position decreased by 3208 to 169000, and Shanghai Copper Index position decreased by 17348 to 554000. Today, Shanghai copper in the non-ferrous plate capital outflow of 278 million. Today, the main force of Shanghai copper is barefoot Dayang column, the whole in Brin under the rail above the stabilization, on the shadow line upward to explore the 10-day moving average, KDJ indicators appear good gold fork. In the evening, waiting for the guidance of the outside market, test whether Shanghai copper can further break through 48000 yuan / ton.
(SMM Kwong Tze-si)