Changjiang copper price Short comment: The euro rose sharply and the dollar plunged, overnight London copper closed up 0.44%; China's central bank cut interest rates on schedule to stimulate strong expectations for metal-intensive industries to boost copper prices, short-term demand marginal improvement, the current copper may rise.
【 Copper Futures market 】 : The euro surged and the dollar plunged, making the dollar-priced metal copper cheaper for holders of other currencies and also helping to support prices and demand. Overnight London copper climbed the positive line, closing at $8564 / ton, up $38, or 0.44%, on a volume of 21,730 lots down 158 lots. Position of 253,431 lots decreased by 471 lots. In the evening, Shanghai copper opened a high shock range, and the latest closing price of the main month 2307 contract was 68330 yuan/ton, up 390 yuan, or 0.57%.
London Metal Exchange (LME) on June 15, the latest inventory of London copper reported 79,525 metric tons, a decrease of 4,725 metric tons, or 5.61%, from the previous trading day.
Changjiang Copper network news: Shanghai copper opened high in the morning today, and the latest opening price of the main month 2307 contract was 68320 yuan/ton, up 380 yuan. China's central bank cut interest rates as scheduled to stimulate the strong expectation of metal-intensive industries more copper prices, superimposed on the domestic automotive sector bright performance, strong support for copper consumption, so short-term demand marginal improvement, and at the same time, both internal and external copper inventories are declining and inventories are low, the copper price constitutes a certain support, the current spot premium is still high, support short-term copper prices, Copper may rise today.
