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Copper market review, in the morning Shanghai copper main 1905 contract opened at 49340 yuan / ton, after opening a slight test of 49250 yuan / ton, affected by the high opening of the external market, copper prices fluctuated slightly and rose, until noon to test 49470 yuan / ton, after short-term high, copper prices failed to perform high stability, quickly moved down to 49330 yuan / ton, then short positions, copper prices rose again, the end of the session again tested 49470 yuan / ton, but also limited by this level, closing at 49460 yuan / ton, up 820 yuan / ton, Up 1.
69%.
South Reserve East China: The average price of electrolytic copper was 49230 yuan, down 490, and the price of the month's premium was -30 to 60, down 1210
.
East China: The tax reduction policy officially landed, and in the morning, holders tried to raise the price to report a premium of 50-150, but some traders took the lead in reducing the price of shipments, the quotation was more chaotic, and then the market has reduced the price of the goods, the premium fell rapidly, and the buyers were cautious at the beginning of the month, and the transaction performance was relatively flat
.
At the close of trading, the premium copper premium to the futures contract for the month was 60-80 yuan, down 1190 yuan from last Friday; flat water copper discount 0-30 yuan, down 1125; Wet copper discount 70-90 yuan, down 990
.
South China Reserve: The average price of electrolytic copper was 49210 yuan, down 350, and the monthly discount quotation: -30 to 10, down 1075
.
In April, the tax reform policy was officially implemented, and the spot invoice tax rate was unified at 13%, and the market inquiry atmosphere was more active
.
In the morning, the mainstream of flat water copper reported +0 yuan / ton, good copper reported +10, and individual +50; but copper prices rose sharply, downstream market purchases were suppressed, and traders cleaned up their own inventory, and the willingness to receive goods was not much, generally suppressing prices and mining less, waiting for low-priced sources
.
In order to seek the transaction of continuous price adjustment, flat water copper dropped from flat water all the way to about -30 yuan / ton, good copper fell to 0 to +10 yuan / ton, began to trade, but still not smooth, after ten o'clock flat water copper was further pressed to about
-40 yuan / ton.
Overall, the market was relatively active at the beginning of the month, but there was not much actual demand, and the general bearish price was received, and the transaction performance was relatively average
.
Intraday Shanghai copper closing positive entity jumped to recover all recent moving averages, and the center of gravity winds to the middle band of the Bollinger curve, MACD indicator green column performance significantly shortened, DIF curve upward is expected to try to break through the DEA curve, forming a positive signal
.
Wait for the guidance of the external disk to test whether the main force of Shanghai copper can break through the 49,500 yuan / ton position
.
