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November 20 Shanghai copper afternoon review

 Last Update: 2022-12-17
 Source: Internet
 Author: User

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The overnight Shanghai copper 2001 contract also rose 0.
58% to 47130 yuan/mt
.
Copper prices rose last night, mainly due to the easing of concerns about trade prospects after the US announced the extension of Huawei's exemption period, coupled with the better performance of US housing starts and construction permit data released last night, market risk sentiment rose, driving copper prices up
.

Shanghai copper

At present, the macro outlook of the market is still uncertain, the US political uncertainty and the bleak quarterly report of the company have caused the US stock market to fall, and crude oil has also been affected by the surge in API crude oil inventories to expand the decline, all of which have a strong pressure on
copper prices.
At present, Shanghai copper is closing in the sun, under pressure on the 20-day moving average, and copper prices are expected to fall
downward today.

In terms of spot, due to the role of long orders in the market, the recent quotations of holders have remained around 100 yuan, and the market has received goods at low prices positively, and it is expected that today's market quotations will remain high
.
It is expected that today's Shanghai copper 46900-47200 yuan / ton, spot premium 100-liter 140 yuan / ton
.

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