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    Home > Chemicals Industry > New Chemical Materials > A brief review of Shanghai copper on September 5

    A brief review of Shanghai copper on September 5

    • Last Update: 2022-12-12
    • Source: Internet
    • Author: User
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    Today's Shanghai copper main 1811 contract opened at 47260 yuan / ton in the morning, relying on the daily moving average narrow range above 47200 yuan / ton, the upper touch of 47350 yuan / ton is obviously
    blocked.
    The afternoon opening was down, bears continued to increase positions, copper prices again tested down 47130 yuan / ton, the daily moving average near the temporary support to rise, back to the morning operating range, the end of the day in the London copper back to drive, short more into the market, before the close copper price rose to the intraday high of 47430 yuan / ton, closed at 47410 yuan / ton, down 500 yuan ton, down 1.
    04%.

    Shanghai copper

    South Reserve East China: average price of electrolytic copper: 47630 yuan, down 590, premium quotation: 160 to 200, up 35
    .
    In East China, the holders of goods shipped at a high price, the premium rose again, the buyer was unwilling to accept the goods, the transaction was less, and then the holder adjusted the price of the shipment, the premium fell, the transaction improved, the plate continued to fall, the downstream manufacturers wait-and-see, the overall transaction was general
    .
    Today's premium copper mainstream trading pair futures contract premium 190-210 yuan, flat water copper premium 140-160 yuan, wet copper premium 50-60 yuan
    .

    South China Reserve: average price of electrolytic copper: 47640 yuan, down 620, premium quotation: 170 to 210, up 10
    .
    In Guangdong, the recent Sino-US trader conflict has continued to intensify, coupled with the depreciation of emerging market currencies, copper prices fell sharply today, holders shipped at a high price in the morning, but the transaction was not easy, and due to the absence of some traders, market activity has declined, forced by transaction pressure, holders adjusted prices to dump goods, and the transaction began to improve
    .
    After the release of demand, during the second trading session, the flat water copper premium further fell to 150 yuan / ton
    .
    Overall, the decline in copper prices has caused many enterprises that originally purchased scrap copper to buy refined copper, and the overall receipt is
    acceptable.
    The premium copper mainstream trading pair futures contract premium is 190-200 yuan / ton, and the flat water copper premium is 150-170 yuan / ton
    .

    Today, the Shanghai copper index inflow of 470 million yuan, the non-ferrous sector as a whole inflow of 231 million yuan, covering all the outflows of other varieties of non-ferrous sectors, short dominance in the market
    .
    After six consecutive overcast in the Shanghai period, the gap opened low today, close to the low level since July last year
    .
    The rebound of the US dollar and the landing of the hearing of 200 billion yuan still make it difficult to be optimistic about the macro environment, short positions are increased, and the low level has not seen the reduction of positions out of the market, the market is temporarily difficult to obtain the power to recover, it is expected that Shanghai copper will continue to hold the bottom support of 47,000 yuan in the evening, and test the short-term pressure level of 47,500 yuan / ton for weak shock sorting
    .

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