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April 22 Shanghai copper afternoon review

 Last Update: 2022-12-15
 Source: Internet
 Author: User

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The market
was closed on Friday night.
Shanghai copper main 1906 contract opened at 49540 yuan / ton, the opening performance of shock to test the high of 49590 yuan / ton, bears entered the market, copper price performance slowly downward, the session stopped at the 10-day moving average of 49470 yuan / ton, rebounded again, the center of gravity moved up to 49550 yuan / ton around a narrow range, the end of the session slightly pullback, close at 49450 yuan / ton
.

Shanghai copper

The 2019 China Recycled Copper Industry Chain Peak Tire was recently held, and the meeting gave a detailed introduction to the implementation of the "waste seven" import policy that began to be implemented on July 1 this year; Recently released Chinese economic data performed well, the centralized maintenance of domestic smelters in April, and the implementation of the scrap copper policy all supported copper prices, and spot copper prices are expected to rise
slightly today.

Today's still lacks external market and economic data guidance, but the United States announced that it will no longer grant exemptions to Iran's crude oil ban to any country, and crude oil performance jumped up, which is expected to boost copper prices
.
At present, the 5-day and 10-day moving averages below the Shanghai copper closing negative body are adhesion, which is favorable and supportive
for copper prices.
As spot goods enter the long order delivery period this week, the market transaction is expected to be positive, which will become one of
the factors for today's holders to continue to hold prices.
It is expected that today's Shanghai copper 49400-49700 yuan / ton, spot premium 30-liter 130 yuan / ton
.

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