In the near future, the reality of the domestic market has continued to weaken, which has exerted obvious pressure on Shanghai copper. Overnight Shanghai copper **price**025%, indicating a more cautious market sentiment. At the same time, as the external market is closed for the Christmas holiday, the direction guidance is limited, and the market trading remains flat, which further exacerbates the volatility of Shanghai copper**.
Entering this week, the last week of trading in 2023 is coming to an end, and the market is in a wait-and-see atmosphere. Investors and traders are waiting for the economic situation and market dynamics in the new year, so there is relatively little trading activity. This wait-and-see attitude has had a certain suppressive effect on Shanghai copper.
In addition, the domestic downstream industry has gradually entered the year-end mode. As most companies begin to withdraw funds and settle their accounts, the volume of subsequent orders may continue to decrease. This not only affects the production and procurement plans of enterprises, but also poses a certain pressure on the demand side of Shanghai copper. At the same time, due to the shortage of funds at the end of the year and the demand for recall, the ability to enter the market to replenish the supply of goods is also limited, which further affects the balance of supply and demand in the market.
In addition, the current consumer market is in the off-season, and there is a lack of bright spots in consumer demand. Although the demand for copper continues to grow with the rapid development of new energy and other fields, in the short term, the weakness of traditional industries has caused a certain impact on spot demand. Overall, the market trading surface is dull, and the spot demand is lackluster, which makes the elasticity of Shanghai copper ** inhibited.
To sum up, in the short term, the weakness of the domestic market, the closure of the external market, the year-end mode of the downstream industry and the off-season consumer demand and other factors jointly inhibited the rise of Shanghai copper. In the short term, Shanghai copper ** may face some pressure. However, considering the steady growth of China's economy and the rapid development of new energy and other fields, in the long run, Shanghai copper still has a large space. Therefore, investors need to pay attention to the actual consumption situation and macroeconomic dynamics to better grasp the investment opportunities in the Shanghai copper market.