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    Home > Chemicals Industry > New Chemical Materials > October 30 copper market noon review

    October 30 copper market noon review

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
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    Futures market, U.
    S.
    consumer spending rose for the seventh consecutive month in September, personal consumption expenditure, PEC price index were in line with expectations, data growth strongly boosted the dollar index rose, overnight London copper under pressure late day down, the latest closing price at 6127 yuan / ton, down $55, down 0.
    89%.

    In the domestic copper market, the Shanghai copper shock sorted out in the evening, and the latest closing price of the main monthly 1812 contract was 49900 yuan / ton, unchanged from the settlement price of the previous trading day
    .

    Copper City

    Today's Shanghai electrolytic copper spot contract discount of 110 yuan / ton ~ discount 50 yuan / ton, flat water copper trading price of 49480 yuan / ton ~ 49570 yuan / ton, premium copper trading price 49500 yuan / ton ~ 49600 yuan / ton
    .
    Shanghai copper is under pressure on the daily moving average, and the copper price shock is weak, around 49600 yuan / ton first-line shock sorting
    .
    Copper in the morning period is still low, the market receiving sentiment is low, the holder's quotation discount of 90 ~ 50 yuan / ton has been expanded all the way to the discount of 110 ~ 80 yuan / ton, after the discount is expanded, it attracts traders to enter the market to receive a large number of goods, and the transaction has improved
    .

    In the second trading stage, copper rebounded at a low level, buying influx, quotations rose instantaneously, and climbed rapidly, holders narrowed the discount sharply, the market inquiry was positive, the quotation quickly rose to flat water copper discount 80 ~ 70 yuan / ton, good copper discount 50 yuan / ton nearby, wet copper self-discount 210 ~ 200 yuan / ton narrowed self-discount 190 ~ 180 yuan / ton, downstream performance today bargain replenishment
    .
    After eleven o'clock, the holders' willingness to raise the price was strongly quoted to the discount of 60~30 yuan / ton, but the transaction performance was suppressed, and the unilateral price increase of the holders was obvious
    .
    Today's trading is dominated by traders, and the bargain hunting atmosphere has improved
    compared to yesterday.

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