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    Home > Chemicals Industry > New Chemical Materials > February 19 Copper Market Brief Review

    February 19 Copper Market Brief Review

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    Copper market review: Tuesday, Shanghai copper 1904 contract early in the morning affected by the external market, the price slightly lowered, in the short-term low of 49180 yuan / ton, bulls into the market, copper prices slowly oscillated and rebounded, broke through the daily average at noon, tested the height of 49410 yuan / ton, the center of gravity at the end of the session basically around the daily average of 49330 yuan / ton narrow range sorting, up 550 yuan / ton, up 1.
    13%.

    Copper City

    South Reserve East China: The average price of electrolytic copper was 48970 yuan, up 560, and the price of the month's premium was -170 to -70, down 20
    .
    East China: The market is higher to curb downstream consumption, holders have cut prices and shipments, inventory continues to pressure spot premiums, discount further expands, speculative atmosphere weakens significantly, and transaction performance is not as good as the previous day
    .
    At the close of trading, the premium copper was discounted to the futures contract of the month by 50-70 yuan, down 15; flat water copper discount 170-180 yuan, down 25; Wet copper discount 300-320 yuan, down 20
    .

    South China Reserve: The average price of electrolytic copper was 48950 yuan, up 560, and the monthly discount quotation: -160 to -120, down 20
    .
    Guangdong: Copper prices maintained an upward trend, downstream purchases were suppressed, and inventories were still rising, continuing to put pressure
    on spot prices.
    In the morning, flat water copper reported -140, -150 yuan / ton, good copper reported -100 yuan / ton or so, the quotation was basically flat on the previous day, and traders were cautious to receive goods, while the enthusiasm for shipments in the underwater market was not high, the trading atmosphere was quiet, and the subsequent flat water copper discount was slightly expanded to -160 yuan / ton, and the good copper discount -120 yuan / ton, there were a small number of transactions
    .

    The Shanghai copper main contract jumped high and the Yang column successfully stood above the upper Bollinger curve, and the opening of the Bollinger curve was greatly expanded, forming a strong support for the technical surface
    .
    Wait for the guidance of the external disk to test whether the main force of Shanghai copper can break through the 49,500 yuan / ton position
    .

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