echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Brief review of Shanghai copper on March 1

    Brief review of Shanghai copper on March 1

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Today's main price of Shanghai copper first fell and then rose, and maintained volatility after the night dip, and the daily session rose slightly
    .
    At the end of the day, the main 2204 contract of Shanghai copper closed at 71050, up 0.
    30%.

    Shanghai copper

    The situation of the Russian-Ukrainian conflict has not improved, and the macro is bearish, but in the absence of a significant deterioration in the international geopolitical form, it has little impact on copper
    .
    In terms of spot, the domestic spot premium is low, and the downstream performance is sluggish, but it is expected that the consumption season will start in March, the situation may improve, and there is a short-term upward trend in copper prices
    .

    Technically, the main 2204 contract KDJ indicator predicts the formation of a golden cross near the 27 axis, and there is a short-term upside possibility
    .
    Operationally, the price does not fluctuate much, and the upstream and downstream are still stocked on demand, and it is prudent to go long
    on the dip near the 70500 support line.

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.