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    Home > Chemicals Industry > New Chemical Materials > Brief review of Shanghai copper on July 24

    Brief review of Shanghai copper on July 24

    • Last Update: 2022-12-11
    • Source: Internet
    • Author: User
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    Today's morning Shanghai copper main 1809 contract opened at 48340 yuan / ton, slightly up at the beginning of the session, around 48400 yuan / ton, flat long, copper prices slowly fell back to the low of 48170 yuan / ton
    .
    In the second trading session, the center of gravity moved up to 48330 yuan / ton first-line shock operation
    .
    After the afternoon open, some bears took profits and reduced their positions, and London copper recovered to 6100 US dollars / ton, boosting copper prices to jump to 48650 yuan / ton First-line shock operation, closing at 48590 yuan / ton, down 100 yuan / ton
    .

    Shanghai copper

    South Reserve East China: average price of electrolytic copper: 49200 yuan, up 510; Liter discount quotation: -10 to 30 yuan, down 10
    .
    In East China, the macro pressure eased, copper prices continued to rebound, holders were more willing to exchange cash, and there were warehouse receipts flowing into the market to replenish the supply, while traders were not highly motivated, and the overall receipt was general, resulting in abundant spot circulation.

    Today's premium copper mainstream trading pair futures contract premium 30-40 yuan, flat water copper discount of about 20 yuan, wet copper discount 50-60 yuan
    .

    South China: average price of electrolytic copper: 49340 yuan, up 460; Liter discount quotation: 140 to 160 yuan, down 55
    .
    In Guangdong, on Tuesday, the inventory in Guangdong increased significantly, the enthusiasm of the shippers did not change, and the impact of the maintenance of a large downstream enterprise continued to make efforts, the receiver bearish premium cautiously, oversupply, the flat water copper water rose water within the day was adjusted to 130 yuan / ton, the receiver can still continue to reduce the price, the overall transaction is general
    .
    Today's premium copper mainstream trading pair futures monthly premium of 160-170 yuan, flat water copper premium 130-140 yuan
    .

    At noon today, some bears closed their positions, copper prices oversold and rebounded, slightly rising to about 48,600 yuan / ton, although Shanghai copper closed sunny today, but still not out of the low, is expected to stabilize at 48,500 yuan / ton in the evening, focusing on the Fed chairman's speech on the U.
    S.
    economy and monetary policy guidance
    to the dollar.

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