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    Home > Chemicals Industry > New Chemical Materials > Brief review of Shanghai copper on April 4

    Brief review of Shanghai copper on April 4

    • Last Update: 2022-12-09
    • Source: Internet
    • Author: User
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    Today's Shanghai copper main 1805 contract opened at 50440 yuan / ton, the beginning of the session long position reduction, dragged copper prices down, down away from the daily moving average, sorted out at 50150 yuan / ton line
    .
    After entering the second trading session, copper prices rose as bulls increased their positions
    .
    During the period, it was slightly sorted out below the daily moving average, and the rally continued in the afternoon, crossing the daily moving average, reaching a high of 50480 yuan / ton and then slowly falling back, and the long and short positions were reduced at the end of the day, closing at 50390 yuan / ton, up 390 yuan / ton
    .

    Shanghai copper

    South Reserve East China quotation: South Reserve East China electrolytic copper average price: 50580 yuan, down 30; Liter discount quotation: 50 to 80 yuan, down 25
    .
    East China, after yesterday's stocking boom, the downstream market procurement enthusiasm is not as good as yesterday, but traders take goods sentiment is good, the overall transaction is acceptable, the premium remains stable, the second trading session, the holder cooperates with the plate, the quotation is slightly loose, and the premium is slightly
    lowered.
    As of the close, the premium copper mainstream trading pair futures contract premium 70-80 yuan, flat water copper premium 50-60 yuan, wet discount 20 yuan
    .

    South China Reserve Quotation: The average price of electrolytic copper in South China of Southern Reserve: 50670 yuan, flat; Liter discount quotation: 130 to 170 yuan, down 5
    .
    In Guangdong, yesterday's downstream has basically prepared pre-holiday stocks, so that today's market heat has declined, there are more shippers, and the asking price is higher, the receiver is cautious and the transaction is weak, and then forced by the transaction pressure, the holder lowered the premium, overall, the trading atmosphere is slightly worse
    than yesterday.
    As of the close, the premium copper mainstream trading pair futures contract premium is 170-180 yuan, and the flat water copper premium is 130-140 yuan
    .

    Today, the main force of Shanghai copper as a whole oscillates along the daily moving average, standing above the 10-day moving average and entering a new operating space
    .
    On the market, bears temporarily withdrew, bulls dominated the market, and the amount of bulls increasing positions decreased
    day by day.
    The ongoing trade war at the macro level may affect copper prices
    .
    It is expected that Shanghai copper will be based on the 50,000 yuan / ton mark in the near future, waiting for the opportunity to burst up, and test the test capacity
    of 50,300 yuan / ton at night.

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