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Copper 62 Price Trend and Suggestions
2022/06/16
On Tuesday, the price of Len copper 62 fluctuated higher to close up 0.13 per cent. In terms of inventory, LME decreased by 1475 tons to 310825 tons. On the 9th, the registered warehouse receipts in the previous period decreased by 883 tons to 28980 tons.
On Wednesday, June 11, the price trend of Shanghai copper 62 and LME copper 62 was exactly as expected by Haiya fasteners, with the top appearing, fluctuating lower throughout the day and closing in a big negative. Haiya fasteners prompt customers to intervene in empty orders, just at the recent high point. As early as May 27, Haiya Fastener analyzed that the price of Shanghai Copper 62 would fluctuate lower in the near future.
Copper 62 prices on Friday night after two days of sharp falls, finally ushered in a copper price rebound slightly. As the main force is not willing to pull up at night, and the fundamentals of copper screws have not changed much, the rebound of Shanghai copper 62 price cannot be too high, and it is definitely not recommended to chase more. On the contrary, Shanghai copper 62 prices 1508 usher in a better rebound short-selling opportunities, copper nut short-term or copper sleeve long-term, there will be profit opportunities.
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