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Brief review of Shanghai copper on April 25

 Last Update: 2022-12-10
 Source: Internet
 Author: User

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Today's Shanghai copper main 1806 contract opened at 51820 yuan / ton in the morning, fell rapidly at the beginning of the session, tested down 51580 yuan / ton after the decline closed, along the 51650 yuan / ton line of oscillation
.
After the center of gravity moved up, to 51750 yuan / ton of the first line, touch the height of 51800 yuan / ton
.
In the afternoon, with the long position reduction, copper prices fell again, finishing at 51540 yuan / ton line, and the late volatility continued, closing at 51550 yuan / ton, up 120 yuan / ton
.

Shanghai copper

South Reserve East China: the average spot price of electrolytic copper was 51,700 yuan / ton, up 110 yuan / ton; The price of the liter discount is 260 to 300 yuan, up 5 yuan
.
In East China, the price of the monthly ticket of the holder was firm, and the quotation of the next month's ticket increased significantly, but the downstream sentiment of taking goods was poor, the transaction atmosphere was still relatively flat, and the market was dominated by shipments, suppressing the intraday premium
.
As of the close, the premium copper mainstream trading pair futures contract premium 290-300 yuan, flat water copper premium 260-270 yuan, wet copper premium 200-220 yuan
.

South China: The average spot price of electrolytic copper was 51980 yuan / ton, up 90 yuan / ton; The price of the liter discount was 540 to 570 yuan, down 15 yuan
.
In Guangdong, although the inventory fell sharply again, the holders began to report the next monthly ticket near the end of the month, the holders with the monthly ticket actively shipped at the high, and there were downstream large factories preparing for maintenance demand to decrease, so that today's premium decreased slightly compared with yesterday, and the overall trading was slightly better than yesterday
.
As of the close, the premium copper mainstream trading pair futures contract premium 570-580 yuan, flat copper premium 540-560 yuan
.

Affected by the rise of the US dollar today, Shanghai copper as a whole showed a volatile downward trend, running below
the daily moving average.
At the technical level, it touches the 60-day moving average, and there is some support
below 51500 yuan / ton.
It is expected to test its support ability in the evening and pay attention to the external trend
.

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