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

    July 26 Shanghai copper brief commentary

    • Last Update: 2022-12-11
    • Source: Internet
    • Author: User
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    Today's morning Shanghai copper main 1809 contract gap opened high at 50270 yuan / ton, after the open, short exit, copper prices quickly fell back to 50150 yuan / ton, and then slowly oscillated
    downward.
    After the noon open, the bears increased their positions, copper prices weighed on the daily moving average, to the end of the session, the short profit exited, copper prices recovered slightly, closing at 50140 yuan / ton, up 120 yuan / ton
    .
    Positions decreased by 3,042 lots to 196,000 lots, and trading volumes decreased by 99,000 lots to 282,000 lots
    .
    Last night, the dollar fell, London copper opened above 6370 US dollars / ton in the morning, Shanghai copper followed the trend, the center of gravity rose to 50,000 yuan / ton line, long and short forces in this game, copper prices along the daily average line up and down
    .
    After the domestic close, London copper fell, giving up all of today's gains, and it is expected that Shanghai copper will open low in the evening to make up for the decline
    .
    Watch for ECB President Mario Draghi's speech at a press conference, the preliminary month-on-month reading of durable goods orders in the United States for June and the number of
    initial jobless claims in the United States this week.

    Shanghai copper

    South Reserve East China: average price of electrolytic copper: 49910 yuan, down 20; Liter discount quotation: -90 to -50 yuan, down 40
    .
    In East China, the capital at the end of the month is tight, the market receiving performance is not active, at the same time, the holders are also increasing the intensity of dumping goods in order to return funds, the spot supply is oversupply, so they have to expand the discount to attract transactions, some traders purchase a small number of low-priced sources, and the overall transaction is poor
    .
    Today's premium copper mainstream trading discount for futures contracts of the month is 50-60 yuan, flat water copper discount 90-100 yuan, wet copper discount 120 yuan
    .

    South China: average price of electrolytic copper: 50,050 yuan, down 10; Liter discount quotation: 50 to 80 yuan, down 40
    .
    In Guangdong, in the morning, holders cautiously wait and see the trend of premiums, quotations are scarce, there is a strong price and reluctance to sell, receivers are waiting for the premium to fall back to the target range, the transaction is not smooth, and the seller who wants to return funds at the end of the month can only continue to adjust the price of shipments, the intraday premium fell rapidly, while the volume began to be highlighted, some holders also chose to stop shipments because of the decline in premium, overall, today's market sentiment is low, the transaction is not good
    .
    Today's premium copper mainstream trading pair futures contract monthly premium of 80-90 yuan, flat water copper premium 50-60 yuan
    .

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