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    Home > Chemicals Industry > New Chemical Materials > Brief review of Shanghai copper on April 27

    Brief review of Shanghai copper on April 27

    • Last Update: 2022-12-10
    • Source: Internet
    • Author: User
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    Today's Shanghai copper main 1806 contract opened at 51640 yuan / ton in the morning, and the early session fluctuated downward, testing 51480 yuan / ton
    .
    After climbing to touch the high of 51670 yuan / ton, it fell again, and tested down 51510 yuan / ton
    .
    In the afternoon, a wave of short positions reduced their positions, pulling up copper prices to a high of 51,750 yuan / ton, and then fell back as long positions were reduced, oscillating
    downward.
    The decline continued at the end of the day, closing at 51560 yuan / ton, down 140 yuan / ton
    .

    Shanghai copper

    South Reserve East China quotation: the average spot price of electrolytic copper was 51600 yuan / ton, down 140 yuan / ton; Liter discount quotation, 250 to 290 yuan, down 10 yuan
    .
    In East China, the market on the last trading day at the end of the month was particularly flat, the market quotation was small, and the price was more chaotic because of the invoice problem.

    As of the close, the premium copper mainstream trading pair futures contract premium 260-270 yuan, flat water copper premium 240-250 yuan, wet copper premium 160-180 yuan
    .
    At present, the price of next month's pass is generally about 350 yuan lower than that of the
    month's pass.

    South China Reserve quotation: the average spot price of electrolytic copper was 51850 yuan / ton, down 170 yuan / ton; The price of the premium is 500 to 550 yuan, down 35 yuan
    .
    In Guangdong, the market quotations at the end of the month were chaotic, and there were few real transactions, and the overall transaction was very cold
    .
    However, today's Guangdong inventory has begun to rise, the market expects that the inventory will increase significantly after May Day, when the circulating sources will increase significantly, the tight supply of goods may be limited relief after May Day, and the spot premium will gradually fall.

    As of the close (next month ticket), the mainstream trading of premium copper is 420 yuan for futures contracts, 380 yuan for flat water copper, and the trading price of flat water copper for the monthly ticket is 500-500 yuan
    .

    Today, the main force of Shanghai copper is running in an overall oscillation, and the support capacity of 51500 yuan / ton below is more obvious
    .
    Technically, above the 5-day moving average and the 10-day average, KDJ tends to diverge
    .
    At the same time, the US dollar index rose sharply, crude oil fell slightly, bulls withdrew, and it is expected that Shanghai copper will maintain a volatile trend
    in the near future.
    After the holiday, pay attention to external news and macro trends
    .

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