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

    Brief review of Shanghai copper on March 13

    • Last Update: 2022-12-09
    • Source: Internet
    • Author: User
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    Today, the main 1805 contract of Shanghai copper opened at 51650 yuan / ton, after the opening of the copper price center of gravity slightly up, to the daily moving average near the sideways, then the short position influx, copper price gradually moved down, bulls saw the trend to reduce positions one after another, copper prices accelerated down, lost 51500 yuan / ton, directly down to 51110 yuan / ton, at this time some bears took profits, copper prices low rebounded, but hindered in the 51500 yuan / ton line, copper prices fell again, low to 51100 yuan / ton, the end of the day slightly repaired, It finally closed at 51190 yuan / ton, down 1030 yuan / ton
    .

    Shanghai copper

    In terms of the market, today's Shanghai electrolytic copper spot contract discount of 10 yuan / ton - premium 40 yuan / ton, flat water copper trading price 51260 yuan / ton - 51450 yuan / ton, liter copper trading price 51280 yuan / ton - 51480 yuan / ton
    。 Shanghai copper high open low, continue to consolidate around the 5-day moving average, the price difference expanded to 300 ~ 330 yuan / ton in the next month, the holder is struggling to rise up, good copper holds the premium 20 ~ 30 yuan / ton, flat water copper in flat water around the flat water, discount 10 yuan / ton is slightly better, flat water copper market favor is still higher than good copper, although the trading volume is not as good as yesterday, but still relatively stable, downstream to maintain just need to receive goods, speculators are not active, performance is cautious, supply and demand stalemate pattern is temporarily difficult to break
    .

    Today is still affected by the US trade war, base metals are green across the board, Shanghai copper once tested as low as 51,000 yuan / ton, evening pay attention to the US February non-farm payrolls changes, if the data is good, the dollar continues to rise, copper prices may continue to fall
    .

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