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    Home > Chemicals Industry > New Chemical Materials > Affected by the macro positive sentiment, the performance of the center of gravity of copper prices rebounded

    Affected by the macro positive sentiment, the performance of the center of gravity of copper prices rebounded

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    On Monday, the Shanghai copper 1904 contract opened at 50410 yuan / ton in the morning, after the opening copper price short-term high 50470 yuan / later, the center of gravity moved down to the daily average of 50270 yuan / ton, around the daily average to do a narrow range oscillation sorting, then the center of gravity under pressure daily moving average down to 50200 yuan / ton, in the afternoon short-term low 50160 yuan / ton, the center of gravity performance rebounded and rebounded, the end of the session bulls entered the market, the price quickly rose, tested up 50620 yuan / ton, closed 50520 yuan / ton, up 810 yuan / ton, Up 1.
    63%.

    Copper prices

    In terms of external trading, during the Asian session, London copper opened high at 6497 US dollars / ton, after the opening of London copper overall maintained a pressure daily moving average pullback situation, shock low 6462 US dollars / ton, during the period of many attempts to step back to the daily average but unable to touch, and then the center of gravity remained stable around 6475 US dollars / ton, at the end of the Asian session, after testing 6464.
    5 US dollars / ton, copper price performance rebounded, upward broke through the daily average, the European market has tested 6513.
    5 US dollars / ton, into the European market, copper prices continue to shock rally, Copper prices performed strongly and rose in a straight line, and the short-term high of London copper was blocked by 6540 US dollars / ton, and as of 17:00, London copper was reported at 6516.
    5 US dollars / ton
    .

    In terms of the market, the progress of the seventh round of Sino-US consultations decided to postpone the US tariffs on China, the release of favorable sentiment, the A-share and commodity markets rose across the board, base metals were red across the board, Shanghai copper rose sharply to 50,000 yuan across the line, some of the value-preserving holders were trapped, the market supply did not amplify, the market was forced to quote high, postponed last Friday's market conditions, the quotation discount was 180 ~ discount 80 yuan / ton, it was difficult to trade, and it was close to the end of the final delivery of the long order, and some holders were eager to take the initiative to lower the quotation when they were eager to exchange cash at the high.
    Good copper adjustment to discount of about 100 yuan / ton, flat water copper adjustment to discount 200 yuan / ton of the first line, downstream to maintain just need to buy, wet copper quotation discount 350 ~ discount 320 yuan / ton
    .
    Although the whole market was active in inquiry during the day, traders hoped to enter the market at a lower discount, while holders considered it difficult to expand the discount range too much from the perspective of cost, and the transaction was slightly
    deadlocked.

    From the perspective of the future market, Shanghai copper still has upward momentum, and speculators are also slightly cautious
    in buying and selling period.
    In the afternoon, the market rose, the quotations of holders were firm, the market continued to stalemate, and a small number of downstream intentions entered the market at a discount of 200 yuan / ton, but the selling order was limited and difficult to find, and the firm slightly higher quotation market was enthusiastic and cautious
    .
    In the afternoon, the flat water copper newspaper discount 200-discount 180 yuan / ton, good copper newspaper discount 110-discount 90 yuan / ton, the transaction price is in the range of 49840 yuan / ton - 50050 yuan / ton
    .

    Under the influence of macro positive sentiment, domestic A shares are red, bringing a boost to base metals, intraday Shanghai copper main contract gap to form a closing solid column, the lower is supported by the upper band of the Bollinger curve, the opening of the Bollinger track is greatly expanded, waiting for the guidance of the external disk, testing whether the main force of Shanghai copper can effectively break through the 50,500 yuan / ton position, and be alert to the instability
    formed by the gap.

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