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    Home > Chemicals Industry > New Chemical Materials > Brief review of Shanghai copper on October 23

    Brief review of Shanghai copper on October 23

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
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    On Tuesday, the main 1812 contract of Shanghai copper opened at 50,300 yuan / ton in the morning, and the copper price center of gravity rose slightly, touching the height of 50,390 yuan / ton was hindered from falling, and then along the 50275 yuan / ton narrow range, short positions entered the market, copper prices fell rapidly
    .
    In the afternoon, copper prices along the 50190 yuan / ton narrow range, the end of the bulls confidence is insufficient, bears with positions in, copper price center of gravity continues to fall, but still hold the 50,000 yuan / ton mark and get strong support, closing at 50060 yuan / ton, down 310 yuan / ton, down 0.
    62%.

    Shanghai copper

    South Reserve East China: average price of electrolytic copper: 50330 yuan, down 130, premium quotation: -20 to 20, flat
    .
    East China: Holders' willingness to raise prices is still high, buyers stop and watch, transactions are deadlocked, downstream consumption is relatively flat, procurement is less, the overall transaction is average, Shanghai inventory has increased, and the market supply is relatively sufficient
    .
    Intraday premium copper mainstream trading pair futures contract premium 10-20 yuan, flat water copper discount 10-20 yuan, wet copper discount 130-150 yuan
    .

    South China Reserve: average spot price of electrolytic copper: 50160 yuan, down 160, premium quotation: -180 to -150, down 25
    .
    In Guangdong, the inventory rose above 40,000 tons as scheduled, so that the spot discount continued to come under pressure, and the holders began to report flat water copper sticker 160 yuan / ton in the morning, but under the high inventory, the cautious mood of the receivers was prominent, the transaction was weak, some holders were unwilling to ship at a low price, covering the sale, the overall market atmosphere was relatively cold, and the holders who were eager to exchange cash were forced by the pressure of the transaction, so they had to adjust the price, and when the flat water copper fell to a discount of 180 yuan / ton, traders received more goods and the transaction improved
    。 The premium copper mainstream trading pair futures contract discount of 140-150 yuan / ton, flat water copper discount 170-180 yuan / ton, wet discount 220 yuan / ton
    .

    The main center of gravity of Shanghai copper fell all the way during the day, losing the support of the 5-day moving average, directly supporting the 20-day moving average, KDJ opening expanded, MACD green energy column dominance, pay attention to the performance of long and short positions, wait for external guidance, test whether Shanghai copper can hold the 50,000 yuan / ton mark
    .

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