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    Home > Chemicals Industry > New Chemical Materials > April 1 Shanghai copper afternoon review

    April 1 Shanghai copper afternoon review

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    Last Friday night, the main 1905 contract of Shanghai copper due to the impact of the external market, the bears increased their positions at a high level, and the gap opened at 49200 yuan / ton, but after the high open, the basic performance was under pressure on the daily moving average to maintain stability and shock, the overall center of gravity was around 49200 yuan / ton, intraday copper prices tested the daily moving average, reaching a high of 49280 yuan / ton position, but soon the performance fell, and fell to a low of 49100 yuan / ton, closing at 49140 yuan / ton
    .

    Shanghai copper

    Spot due to the implementation of tax reduction, premium will return to normal levels, the market is expected to be guided by the plate spread, the current front-month contract spread is around
    120 yuan / ton.
    It is expected that today's Shanghai copper 49400-50000 yuan / ton, spot discount 30-liter 120 yuan / ton
    .

    China's official manufacturing PMI hit a five-month high in March, returning to above the boom-dry line and hitting the largest month-on-month increase since 2012, with the manufacturing PMI of large enterprises falling from the previous month, and the PMI of small and medium-sized enterprises stopping falling and rising
    .
    The manufacturing PMI rebounded sharply, pessimism about China's economic slowdown dissipated, boosting bullish sentiment in stocks, commodities and other assets, and spot copper prices are expected to rise
    today.

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