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    Home > Chemicals Industry > New Chemical Materials > Brief review of Shanghai copper on April 12

    Brief review of Shanghai copper on April 12

    • Last Update: 2022-12-09
    • Source: Internet
    • Author: User
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    Today's Shanghai copper main 1806 contract opened at 51,000 yuan / ton in the morning, the bulls entered at the beginning of the session, but did not reverse the decline, copper prices down away from the daily moving average, tested down 50630 yuan / ton, at 50750 yuan / ton line a little sorted
    .
    In the afternoon, another wave of bears entered, copper prices dragged down again sharply, down the low of the day 50300 yuan / ton, then slightly rebounded, the shock ran in the range of 50480 yuan / ton to 50580 yuan / ton, the end of the day some bears took profits, copper prices rose slightly, closing at 50620 yuan / ton, down 650 yuan / ton, down 1.
    27%.

    Shanghai copper

    South Reserve East China quotation: the average spot price of electrolytic copper was 50680 yuan / ton, down 570 yuan / ton; Liter discount quotation, -10 to 10 yuan, flat
    .
    In East China, the morning tentative quotation, the transaction was not ideal, the premium opened high and went low, stabilized at the same period yesterday, the second trading session, the number of receivers increased, the overall transaction picked up and close to delivery, the premium bottomed out and rebounded, rising to the intraday high
    .
    As of the close, the premium copper mainstream trading pair futures contract premium 20-30 yuan, flat copper premium 0-10 yuan, wet copper discount 50 yuan
    .

    South China Reserve quotation: the average spot price of electrolytic copper was 50990 yuan / ton, down 470 yuan / ton; Liter discount quotation, 300 to 330 yuan, up 100 yuan
    .
    In Guangdong, the continued decline in inventories and the reluctance of smelters to sell them, the circulating supply in the market was very scarce, and the holders generally shipped at high prices, which led to a sharp increase in premiums; However, the downstream fear of high procurement is not strong, mainly to receive long orders
    .
    During the second trading period, some warehouse receipts flowed out, the supply of goods increased slightly, and the premium decreased slightly; The overall trading situation in the morning was average
    .
    As of the close, the premium copper mainstream trading pair futures contract premium 320-330 yuan, flat water copper premium 290-300 yuan, imported wet copper premium 250-260 yuan
    .

    Shorts increased their positions in large numbers during the day, and zinc prices plummeted, dragging copper prices down
    .
    From a technical point of view, today's Shanghai copper main 1805 contract is limited to the 5-day and 20-day moving averages, and the lower 10-day moving average provides some support, KDJ tends to contract, and the MACD red energy column shrinks
    slightly.
    It is expected to test the support capacity
    of 50,500 yuan / ton in the evening.

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