 Home > Chemicals Industry > New Chemical Materials > Brief review of Shanghai copper on April 3

Brief review of Shanghai copper on April 3

 Last Update: 2022-12-09
 Source: Internet
 Author: User

Tags

low amplitude

china rose bush

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

The main 1805 contract of Shanghai copper opened at 50340 yuan / ton today, and the long position was reduced at the beginning of the session, dragging copper prices down, testing down 50160 yuan / ton
.
After the bears reduced their positions, pulled up copper prices, touched 50580 yuan / ton and then fell slightly, sorted out at 50420 yuan / ton line, the center of gravity moved down at the end of the day, closing at 50370 yuan / ton, up 60 yuan / ton
.

Shanghai copper

South Reserve East China quotation: South Reserve East China electrolytic copper average price: 50610 yuan, up 550; Liter discount quotation: 80 to 100 yuan, up 170
.
In East China, traders are bullish on the market premium, purchase low-priced sources, and downstream demand is gradually released, so that the quotation turned into premium, once rose rapidly, traders trading active, the second trading session, the market heat has declined, the premium trend slightly pullback
.
As of the close, the premium copper mainstream trading pair futures contract premium 90-100 yuan, flat water copper discount 60-80 yuan, wet discount -10 yuan
.

South China Reserve: The average price of electrolytic copper in South China: 50670 yuan, up 440; Liter discount quotation: 130 to 180 yuan, up 65
.
In Guangdong, the rapid narrowing of the price difference between Shanghai and Guangdong has driven the Guangdong market to rise, and the holders are bullish and reluctant to sell, while the receivers are cautious, the low-priced goods in the market are better, and the overall trading atmosphere is better
than yesterday.
As of the close, the premium copper mainstream trading pair futures contract premium 180-190 yuan, flat water copper premium 130-140 yuan
.

Today's Shanghai copper main 1805 contract as a whole oscillated along the daily moving average, the center of gravity is stable, and the amplitude is slightly narrower
than yesterday.
It is expected that copper prices should continue their volatile trend in the near future and continue to test the support capacity
.
Wait for the downstream market to fully recover.

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

Related Products

9,10-Diphenylanthrac

CAS No.: 1499-10-1

$1-1.2/MT FOB

High Quality Polar Solvent 99.99% Ethylene carbonate/Ethylencarbonat/ EC CAS 96-49-1

CAS No.: 96-49-1

Pharmacy Grade

$1-1.2/MT FOB

High quality Fluorescent Brightener CBS-X 98% TOP1 supplier in China

CAS No.: 27344-41-8

Industrial Grade

$3/KG EXW

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

announcements today(81)

ups united states(221)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.