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    Home > Chemicals Industry > New Chemical Materials > Shanghai copper bottomed out and rebounded slightly at the end of the day

    Shanghai copper bottomed out and rebounded slightly at the end of the day

    • Last Update: 2022-12-03
    • Source: Internet
    • Author: User
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    On Tuesday, the Shanghai copper 1610 contract opened at 37210 yuan / ton, after the opening of the short position increase to suppress, the long position outflow, Shanghai copper shock fell back down near the daily moving average, low touch 37060 yuan / ton, but with the dollar diving, crude oil suddenly pulled up, short profit outflow, bulls followed the trend, led copper prices to rise low to recover the daily average, the end of the day slightly pulled, at 37220 yuan / ton closed at the small white line
    .

    Shanghai copper

    In terms of the external market, London copper rose sharply, standing on the 60-day moving average, the current crude oil has broken through the middle rail of Bollinger Road, running in the direction of the upper band, the dollar fell below all the moving averages, the market is more atmosphere, it is expected that the London copper evening strong shock, the current London copper stalemate near the 10-day moving average, is expected to continue to test the 10-day moving average pressure in the evening, whether it can effectively break through the 10-day moving average to see the surrounding market
    .

    In terms of the market, Shanghai electrolytic copper spot reported a discount of 40-50 yuan / ton, flat water copper transaction price of 36980 yuan / ton - 37080 yuan / ton, liter copper transaction price of 37050 yuan / ton - 37150 yuan / ton
    .
    Shanghai copper shock fell back, because of the fear of the impact of the future delivery into the market, today's copper premium gradually weakened
    .
    There were more inquiries at the opening, and concentrated on flat water copper, so that the holders once offered a high price, good copper reported a premium of 50 yuan / ton, flat water copper reported a discount of 20 yuan / ton, wet copper reported a discount of 70 yuan - a discount of 50 yuan / ton
    .
    However, as the downward trend of the market approached 37,000 yuan / ton, the market was still more inquiry and less transaction, and some low-priced sources did not see replenishment buying, so that holders gradually gave up the price, and the copper discount began to decline significantly at about 11 o'clock
    .
    At this time, good copper newspaper premium 30 yuan / ton, flat water copper discount 40 yuan / ton, wet copper newspaper discount 80-discount 60 yuan / ton
    .
    In the afternoon, copper prices rebounded, holders clenched the liter discount, the quotation in the discount 30-liter 40 yuan / ton, the transaction price of 37020-37200 yuan / ton, the overall market transaction first fell and then rose, although the delivery goods into the market for a few days, but some holders took precautions, so that the center of gravity of the premium water moved
    down.

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