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    Home > Chemicals Industry > New Chemical Materials > December 26 Shanghai copper brief commentary

    December 26 Shanghai copper brief commentary

    • Last Update: 2022-12-14
    • Source: Internet
    • Author: User
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    Today's Shanghai copper main 1902 contract opened at 48050 yuan / ton in the morning, the early days of the long exit, copper prices slightly oscillated down to below the daily average of 47980 yuan / ton, during the upward test of the intraday high of 48080 yuan / ton was blocked to fall, and then in the 47980 ~ 48050 yuan / ton range of narrow oscillation, during the period of many times in the 48040 ~ 48050 yuan / ton range upward without success, before the afternoon of the Asian market, bulls exited, short positions entered, copper prices from 48010 yuan / t / Tons fluctuated all the way down to the low of 47,900 yuan / ton
    within the day.
    In the afternoon, bulls left the market, copper prices once again oscillated down to the intraday low of 47840 yuan / ton to be supported, fortunately the low short exit, copper prices low rose to above the daily average of 48010 yuan / ton, at the end of the day, copper prices more support in the daily average in the range of 47950 ~ 48040 yuan / ton slightly oscillated, the amplitude did not exceed 50 yuan / ton, closed at 48040 yuan / ton, up 130 yuan / ton, up 0.
    27%.

    Shanghai copper

    South Reserve East China: Electrolytic copper 48400 yuan, up 10 yuan, premium quotation: 120 to 160, up 20
    .
    East China's center of gravity shifted, holders continued to ship at high prices, the monthly ticket good flat premium continued to rise, buyers cautiously waited more, and some traders have closed the account and do not trade, market activity is reduced, the overall transaction is general, the premium copper to the futures contract premium of 160-170 yuan, flat water copper premium 110-120 yuan, wet copper discount 20-40 yuan
    .

    South China Reserve: Electrolytic copper 48360 yuan, up 30, liter discount quotation: 80 to 100, flat
    .
    Guangdong: At the end of the year, many traders have closed their accounts, the market activity is low, but the bills of the month are becoming rarer, and the demand is still based on this, the shipper's quotation is firm, the morning flat water copper premium is about 100 yuan / ton, the next month's ticket is relatively cheap, the quotation is about
    flat water.
    Today, the manufacturer replenished the appropriate amount, the procurement intensity weakened compared with last week, and the receiver wanted to receive the goods at a low price, the overall transaction was not smooth, and a small amount of flat water copper fell back to +90 yuan / ton in
    the follow-up.
    Copper premium to futures contracts for the month premium 110-120 yuan, flat water copper premium 90-100 yuan, wet discount 50-100 yuan
    .

    Today, the Shanghai Copper Index has an outflow of 41.
    86 million yuan, which is the only sector in the nonferrous sector that has
    outflowed funds.
    Today's Shanghai copper main focus is higher than yesterday, there is still no external guidance in the evening, continue to pay attention to the US dollar index and long and short trends in the evening, test whether the main force of Shanghai copper can continue to consolidate near the daily moving average of 47980 yuan / ton
    .

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