Today, Shanghai Copper's main contract 1709 opened at 47,750 yuan/ton. After the opening, the copper price briefly fell back to 47,730 yuan/ton, and then rebounded to a narrow range around 47,800 yuan/ton. In the afternoon, driven by bulls, copper prices rose above the moving average, reaching a maximum of 47,970 yuan/ton. After that, short positions increased and entered the market. The bulls reduced their positions one after another, and Shanghai Copper fluctuated downwards, losing intraday gains and closing at 47,760 yuan/ton, down by 40 yuan/ton. The positions decreased by 1 1434 lots to 205,000 lots, the trading volume decreased by 68,092 lots to174,000 lots, and the positions of Shanghai Copper Index decreased by 1000 lots. If you need more detailed information, you can log on to Shanghai Nonferrous Metals Network.