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    Home > Chemicals Industry > New Chemical Materials > Brief review of Shanghai copper on July 31

    Brief review of Shanghai copper on July 31

    • Last Update: 2022-12-11
    • Source: Internet
    • Author: User
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    Today's morning Shanghai copper main 1809 contract opened at 49780 yuan / ton, long positions at the beginning of the session, copper prices climbed slightly, but hindered at 50,000 yuan / ton, and then briefly consolidated
    along the 49,800 yuan / ton line.
    At noon, bulls continued to replenish positions, copper prices slightly upward touched higher, to the intraday high of 50,000 yuan / ton, bulls took profits, copper prices fluctuated back down, closing at 49830 yuan / ton, down 110 yuan / ton
    .
    Today's Shanghai copper narrow range oscillation above the daily moving average, during the period briefly broke through the 50,000 yuan / ton integer mark, sensitive areas are still dominated by short departures, copper prices upward force is insufficient
    .
    China's official manufacturing PMI for July released today was less than expected, and the domestic economy was under pressure, and market concerns were highlighted
    .
    Yesterday evening, Germany's July CPI data performed brightly, the euro strengthened, and the dollar retreated
    .
    In the evening, focus on the preliminary Q2 GDP of the Eurozone, and the US personal income and consumption data for June
    .
    Whether the 5-day moving average can be held in the evening, pay attention to whether the bulls can charge to break through the 50,000 yuan / ton integer mark
    .

    Shanghai copper

    South Reserve East China: the average spot price of electrolytic copper was 49,680 yuan / ton, down 120 yuan / ton; Liter discount quotes, -20 to 20 yuan, up 40
    .
    In East China, the market atmosphere at the end of Monday and the month was relatively flat, the holders were not active, and the discount quotation was narrowed sharply in the morning, but the transaction was difficult, and the transaction began after the expansion of the sticker, and the good copper was relatively active, and the discount once had a trend
    of narrowing.
    Overall, traders are less willing to enter the market, while downstream copper prices take advantage of a slight decline in sentiment, and the overall transaction is average
    .
    Today's premium copper mainstream trading pair futures contract discount of 20-30 yuan, flat water copper discount 50-60 yuan, wet copper discount 120-130 yuan
    .

    South China: the average spot price of electrolytic copper was 49,710 yuan / ton, down 130 yuan / ton; Liter discount quotation, 20 to 40 yuan, up 35
    .
    In Guangdong, although it is the end of the month, in the face of the imminent resumption of production of downstream large factories, holders are generally reluctant to sell at high prices, and some large households actively replenish stocks, so that the intraday premium continues to rise, overall, today's trading is acceptable
    .
    Today's premium copper mainstream trading pair futures contract premium 30-40 yuan / ton, flat water copper discount 10-30 yuan / ton
    .

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