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    Home > Chemicals Industry > New Chemical Materials > April 23 Shanghai copper afternoon review

    April 23 Shanghai copper afternoon review

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    Last night, the main 1906 contract of Shanghai copper opened low at 49070 yuan / ton, and slowly rose after the opening to repair the opening gap, until the intraday short-term high of 49280 yuan / ton, the bears continued to increase their positions, copper price performance fell, slowly oscillated downward, until the close of 49160 yuan / ton
    .
    The trading volume of the Shanghai Copper Index was 70,636 lots, and the position increased by 2,530 lots to 524,000 lots
    .

    Shanghai copper

    Affected by the domestic stock market yesterday, copper prices fell continuously, barely holding the 49,000 yuan / ton line
    .
    At present, the upper shadow of Shanghai copper is elongated, and the upper part is under pressure
    from the 20-day moving average.
    The external market opened lower this morning, which is expected to affect market sentiment, and Shanghai copper is difficult to hold the round number mark
    .
    However, due to the recent US sanctions on Iranian crude oil, crude oil has rushed strongly, providing support for metal prices
    .

    Spot prices are expected to attract downstream bargain-hunting replenishment due to the decline in market prices, but at present, the spread of front-month contracts is narrowing, and it is difficult for trade speculators to operate, so the market transaction cannot be too optimistic
    .
    It is expected that today's Shanghai copper 48950-49500 yuan / ton, spot flat water - premium 100 yuan / ton
    .

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