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[brief Review of SMM Copper] the good news of Brexit has been gradually digested and the center of gravity of Shanghai copper has fallen slightly.
Oct 22,2019 15:38CST
translation
Source:SMM
A brief comment on SMM copper on October 22nd
The content below was translated by Tencent automatically for reference.

SMM, 22 Oct:

Today, the Shanghai copper main contract 1912 opened in the morning at 47150 yuan / ton, followed by part of the short position, the center of gravity slightly moved down to around 47130 yuan / ton, until the end of the afternoon, the afternoon surface still maintained a stable trend, the center of gravity maintained a stable trend, the center of gravity remained stable at 47100 yuan / ton, closed at 47120 yuan / ton, up 50 yuan / ton, up 0.11%, daily fluctuations in the range of 47150 yuan / ton. The main contract position of Shanghai Copper decreased by 218 hands to 224000 hands, and the trading volume decreased by 67000 hands to 104000 hands. The Shanghai copper index fell 7238 hands to 540000. Turnover fell by 117000 to 199000. The center of gravity of the disk has declined slightly, and the main reason is still affected by Brexit. At present, Brexit has entered the final critical period, but it is still full of resistance, the market risk is increasing, and copper prices continue to rise. At night, waiting for the outer disk to guide, test whether to continue to stand at the level of 47100 yuan / tonne.

(SMM Song Yi)

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