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The market
is closed on Mondays for the Christmas holidays.
Shanghai copper main force 1702 month low oscillation, after the morning opening at the highest point of the day oscillation decline, fell to the lowest point after the V-shaped rebound warmed up, slightly up and down narrowed, midday volatility dominant, and finally closed at 44070 yuan, down 730 yuan, down 1.
63%, the position decreased by 17842 hands to 181694 lots
.
On the macro front, data from the United States on Friday performed well, with new home sales in the United States posting the second largest
month-on-month increase in eight years in November.
With market forecasts accompanying Trump's election, mortgage rates will rise rapidly, and investors may quickly enter the market because they are worried about high borrowing costs in the
future.
In addition, the US consumer confidence index hit a nearly 13-year high
in December.
Consumers are optimistic about the future of the economy, believing that stronger economic growth will create more jobs
.
Today's foreign market is closed due to the Christmas holiday, lack of guidance from the external market, domestic futures are weak, and base metal prices have plummeted
.
In terms of the market, Shanghai copper lacks external guidance to significantly reduce positions and fall, most of the enterprises have entered the year-end settlement state, bill demand gradually fades out of the market, the difference between the ticket price of the month and the next month next month is seriously reduced to about 10 yuan / ton, the market activity has decreased significantly, supply and demand are weak, copper basically maintains last week's discount state level quotation, some downstream just need to receive goods, so that wet copper discount water has narrowed, the year-end atmosphere is gradually stronger
。 In the afternoon, the market rebounded slightly, the quotations were more rare, eager to exchange cash took the initiative to expand the discount to seek the transaction, flat water copper report discount 240 yuan / ton - discount 200 yuan / ton, good copper newspaper discount 200 yuan / ton - 180 yuan / ton, the market reception atmosphere is light, the inquirer is also reduced, the end of the year the enterprise entered the settlement state, the transaction continued to decline
.
On the whole, the intraday market continued to reduce positions downward, the trading volume was weak, the holding volume was further reduced, the activity of funds in the market was poor, and it was difficult to have a big market in the near future
.
It is expected that the main force of Shanghai copper will fluctuate for this short-term, with a range of 43000-45000
.
