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Copper prices fell under pressure this week, the Shanghai copper index continued to rise sharply after opening low at the beginning of the week, once rushed up to 53,920 yuan on Tuesday, and began to fall into a correction on Wednesday, the price fluctuated above 52,800 yuan, and the price suddenly plunged sharply in the afternoon on Friday, and a number of important thresholds fell below the price to a minimum of 51,850 yuan
.
The final close of the week was 51,930 yuan, down 1,090 yuan, or 2.
06%, and the weekly position of the index decreased by 32,066 lots to 638,000 lots
.
In terms of external trading, this week's LME March copper high volatility, Tuesday once rushed up to $6970 after falling, the following days touched the support rebound, Friday domestic trading hours price fell sharply from the high again, fell to the weekly low of $6810, closed at $6826, down $20, or 0.
29%.
In terms of the market, spot copper prices fluctuate sharply this week, the downstream acceptance capacity is limited, bargaining on demand is the mainstay, due to the bullish market of middlemen, there are often stockpiling and selling situations, the market supply is less, spot once turned to futures to premium, middlemen trading level is also average
.
On Friday, after the continuous decline in copper prices, the early stockpiling middlemen shipped a large number of goods within the day, the market supply was sufficient, the spot copper premium fell back to C30-B50 yuan / ton, the middlemen received goods actively, but the downstream receiving force was not as strong as the previous day, and the overall trading picked up
slightly.
In terms of news, due to the acceleration of RMB appreciation this week, the outflow of non-ferrous sector bulls is obvious, the copper market as a whole presents a pattern of external strength and internal weakness, driven by the black series rushing back down, copper market bulls profit flight caused the price to weaken sharply, the price may maintain a weak operation
in the short term.
However, import data released during the week showed that domestic copper demand was better than expected, and the rapid recovery of the euro area economy also boosted peripheral copper prices, and it was possible to go long
on the dip after a short-term correction.
From a technical point of view, the KDJ dead cross on the week k, the MACD golden cross, the price continued to step back to the 5-week moving average after rushing higher, and the weekly bullish trend has not been destroyed; On the day K, MACD dead cross, KDJ dead cross, the price fell below the BOLL middle rail, the killing momentum was not fully released, and the short-term still faced the risk
of falling again.
![disodium 4,4'-bis[[4-anilino-6-[(2-carbamoylethyl)(2-hydroxyethyl)amino]-1,3,5,-triazin-2-yl]amino]stilbene-2,2'-disulphonate CAS NO 27344-06-5](https://file.echemi.com/fileManage/upload/cas/77/e1abc71f-648d-403c-93fe-69b5c9401d56.gif)
