After the short holiday, despite the rebound in the US dollar index weighing on commodities, the Shanghai Futures Copper market stabilized this week, maintaining a narrow range of volatility, supported by the peak season effect. The total open interest in Shanghai Futures Copper remained above 800,000, staying at record high levels, with bulls and bears still in a stalemate phase without clear directional signals. How will Shanghai Futures Copper perform next week?

According to the survey results of SMM's special analysts: 8 analysts expect a range-bound increase (±1%), 5 analysts expect an uptrend, 3 analysts expect a range-bound decrease (±1%), and 1 analyst expects a downtrend.

SMM's Special Analysts' Forecast for Next Week's Shanghai Futures Copper Trend

Wang Zairong, Managing Director and Chief Analyst at COFCO Futures: Range-bound increase (±1%)
Yao Yao, Analyst at Maike Futures: Range-bound increase (±1%)
Luo Yihong, Analyst at Baocheng Futures: Range-bound increase (±1%)
Xie Xu, Analyst at West Futures: Range-bound increase (±1%)
Yang Na, Analyst at Haitong Futures: Range-bound increase (±1%)
Chen Jing, Analyst at Wanda Futures: Range-bound increase (±1%)
Li Min, Analyst at Zhaojin Futures: Range-bound increase (±1%)
Xu Feng, General Manager of Wuxi Branch at Southern Securities Futures: Range-bound increase (±1%)
Gu Fengda, Head of Metals at Guoxin Futures: Uptrend
Che Hongyun, Head of Metals at Galaxy Futures: Uptrend
Fang Junfeng, Analyst at Shanghai Mid-term Futures: Uptrend
Lin She, Analyst at Ruida Futures: Uptrend
Zhang Guichuan, Analyst at China Securities Futures: Uptrend
Jing Chuan, Deputy General Manager and Chief Analyst at CITIC Futures: Range-bound decrease (±1%)
Xu Maili, Research Director of Metals at Everbright Futures: Range-bound decrease (±1%)
Xu Yongqi, Analyst at Guotai Junan Futures: Range-bound decrease (±1%)
Li Pengyun, Executive Deputy General Manager of Beijing Asset Management Headquarters at Meiliya Futures: Downtrend