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    Home > Chemicals Industry > New Chemical Materials > Brief review of Shanghai copper on October 12

    Brief review of Shanghai copper on October 12

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
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    The Shanghai copper 1811 contract rose sharply, closing at 50800, up 1.
    18%.

    On the plate, the Shanghai copper night market opened high again at 50,000 points and began to fluctuate
    at a high level.
    Overnight, the US CPI data fell less than expected, and the dollar index fell sharply, and London copper rose
    sharply.
    Affected by this, Shanghai copper opened high today to recover yesterday's decline
    .
    It is expected that the copper price will fluctuate around 49500-51000, and it is recommended to sell high and sell low in the short term
    .

    Shanghai copper

    South Reserve East China: average price of electrolytic copper: 50520 yuan, up 430, premium quotation: 0 to 30, down 5
    .
    The delivery day is imminent, after the rebound of the market, the holders are unable to adjust the price and dump the goods, the buyer's receiving sentiment is low, the transaction is not good, and the downstream manufacturers replenish the goods in an appropriate amount but the transaction is limited
    .
    Today's premium copper mainstream trading pair futures contract premium 20-30 yuan, flat water copper discount 0-10 yuan, wet copper discount 60-80 yuan
    .

    South China Reserve: average spot price of electrolytic copper: 50470 yuan, up 440, liter discount: -70 to 0, up 5
    .
    In Guangdong, due to the close delivery of spot quotations to maintain a discounted state, and the flat water copper discount range is large, the willingness of the holders to ship is not high, the price is reluctant to sell, the market activity is lower than yesterday, while the receiving sentiment is still weak, some sellers have to continue to sell at low prices in order to seek transactions, and the overall performance is not satisfactory
    .
    The premium copper mainstream trading pair futures contract premium 0-10 yuan / ton, flat water copper discount 70-80 yuan / ton, wet discount 110-120 yuan / ton
    .

     

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