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On Tuesday, the main 1811 contract of Shanghai copper jumped high in a large number of short positions, opening at 50,300 yuan / ton, quickly touching 50,400 yuan / ton, a large number of long profits exited the market, short positions entered, copper price center of gravity fell straight down, and then along the 50120 yuan / ton narrow range, during the period hit the lowest 50010 yuan / ton in the day, but still held the 50,000 yuan / ton mark
.
In the afternoon, the bulls reduced their positions, copper prices first slowly fell back to 50060 yuan / ton blocked, the end of the day into the short flat, copper price center of gravity continued to rise, closing at 50360 yuan / ton, up 760 yuan / ton, up 1.
53%.
In terms of the external market, London copper opened at 6292.
5 US dollars / ton, at the beginning of the session, London copper along the daily moving average narrow finishing, during the period of testing the intraday high of 6305.
5 US dollars / ton, Asian market open, short positions increased, London copper in 15 minutes quickly fall, then the center of gravity continued to move down to touch the lower 6213 US dollars / ton, the second trading session began, London copper along the 6233 US dollars / ton around the narrow range, the amplitude does not exceed 17 US dollars / ton, the end of the Asian market and European trading session, the center of gravity of London copper continues to rise, recovering all the decline in the Asian session
。 As of 17:20, London copper was trading at $6286.
5/ton
.
In terms of the market, the Mid-Autumn Festival holiday returned to the morning market Shanghai copper gap high open more than 700 yuan / ton, but high open is low at 50400 yuan / ton line sorting, the first trading day after the holiday, the morning interval monthly price difference inverted widened, the morning market once the price difference reached 300 yuan / ton, and then narrowed all the way to about 250 yuan / ton, the willingness of holders to exchange cash gradually strengthened, but there was little demand, led by the rapid price reduction of the next month's ticket, the overall quotation of the market fell rapidly
。 The number of intraday quotation cash-changers has increased significantly, but the downstream maintains rigid demand, and the transaction is mostly completed by long-term order deliverers, although the holders still have a trace of expectation for the consumption before the National Day long holiday, which makes supply and demand slightly tug-of-war, but the risk aversion before the holiday also increases the number of
cash-outs.
The intraday import window closed, but the next month spread and month-end cash factors made the premium decline the dominant behavior in the market
.
In the afternoon, the plate continued to rise, the premium continued to fall, the transaction was still the rapid decline of the next monthly pass, dragged down the monthly ticket synchronously, it is difficult to high, flat water copper next month pass to flat water ~ liter 10 yuan / ton, flat water copper monthly ticket rose 20-30 yuan / ton, good copper that month ticket premium 50 yuan / ton, the next monthly pass is 30 yuan is difficult to care, the transaction price continues to rise with the plate to 50340 yuan / ton ~ 50500 yuan / ton
.
Copper prices jumped high during the day, and the high level rose another layer but closed short green column
.
The Shanghai copper index outflow of 142 million yuan, ranking first in the non-ferrous sector outflow funds, bears hed and left the market, bulls closed on the high, and the intraday rally slowed down
.
Pay attention to the game performance of the long and short positions, wait for the guidance of the external market, and test whether Shanghai copper can consolidate at the current high
.
