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    Home > Chemicals Industry > New Chemical Materials > Brief review of Shanghai copper on August 13

    Brief review of Shanghai copper on August 13

    • Last Update: 2022-12-12
    • Source: Internet
    • Author: User
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    Today's morning Shanghai copper main 1810 contract opened at 49650 yuan / ton, a large number of bulls left the market at the beginning of the session, copper prices fell to the intraday low of 49530 yuan / ton, the low rebound, along the 49580 yuan / ton line of oscillation operation
    .
    At noon, bulls increased their positions, the center of gravity of copper prices rose to 49640 yuan / ton, bulls followed the trend to cover positions, copper prices continued to fluctuate upward, touching 49820 yuan / ton, short and more out of the market at the end of the session, slightly down, closing at 49730 yuan / ton, down 100 yuan / ton
    .

    Shanghai copper

    South Reserve East China: the average spot price of electrolytic copper was 49560 yuan / ton, down 240 yuan / ton; The price of the discount is 40 to 70 yuan, up 10 yuan
    .
    In East China, the market activity on Monday was not high, the holders raised the premium quotation in the morning, there were a small number of transactions, but as the monthly difference narrowed, the market accepted the premium low, the transaction turned difficult, sellers had to reduce the premium shipment, in general, the downstream receiving weakened and traders speculated poorly, the overall trading situation was slightly worse
    .
    Today's premium copper mainstream trading pair futures contract premium 60-70 yuan, flat water copper premium 40-50 yuan, wet copper flat water to 10 yuan
    .

    South China Reserve: The average spot price of electrolytic copper was 49,630 yuan / ton, down 240 yuan / ton; Liter discount quotation, 110 to 140 yuan, up 15
    .
    In Guangdong, although inventories increased at the beginning of the week, holders generally raised prices and shipments after the price fell, and the premium gradually rose during the day; However, after the premium rises, the willingness to receive goods downstream decreases, and the transaction of low-priced sources is better
    .
    Overall, today's trading is acceptable
    .
    The premium copper mainstream trading pair futures contract premium of 140-150 yuan / ton, flat water copper premium 100-120 yuan / ton
    .

    The Turkish lira fell this morning, and investors' risk aversion helped the dollar continue to strengthen, currently fluctuating around 96.
    4, and the offshore yuan fell again to a low of more than 6.
    88
    .
    Shanghai copper closed slightly higher, standing firm on the 20-day moving average, the 5-day moving average and the 10-day moving average adhesion, there is a trend of further forming bottom support, and the internal anti-decline still exists
    .
    This week, China's July social financing data will be released, which is expected to be lower than the previous value, and the domestic financial environment is not good
    .
    Pay attention to the external trend guidance, test the 10-day moving average support level
    in the evening.

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