80,000 yuan/ton gain and lose again! Shanghai Copper's next stop is...

Gold Ten Futures July 15th news, just in the past week, Shanghai copper as a whole showed a downward trend, last Monday stood on the 80,000 yuan/ton mark, the next few days continued to fall, the final main contract CU2408 weekly line closed down 1.77%. Guotai Junan Futures pointed out that the logic of the current leading copper price changes is still whether the macro and micro can form a resonance. In the future, it is difficult to form a resonance between the macro and micro in the short term, and it is expected that the copper price will remain volatile for the time being. On the one hand, the macro lacks clear expectations and certainty, and it is expected that it will be difficult to form a trend guide for the price. On the other hand, the low copper price on the micro may attract downstream companies to replenish the warehouse on dips, but the power of enterprises with high prices to replenish the warehouse From a longer-term perspective, the market should focus on the US election and the market's choice of driving logic after the Federal Reserve cut interest rates.