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

    Brief review of Shanghai copper on July 3

    • Last Update: 2022-12-11
    • Source: Internet
    • Author: User
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    Today's Shanghai copper main 1808 contract opened at 51290 yuan / ton in the morning, and from the beginning of the session to noon, it oscillated along the 51300 yuan / ton line, with an amplitude of about
    100 yuan / ton.
    In the afternoon, the US index fell back to its high, London copper rose sharply, and the A-share market opened at a low level to show signs of rebound, boosting market confidence
    .
    After the noon open, the bears immediately left the market, and the copper price rose sharply to touch 51560 yuan / ton, and then along the 51520 yuan / ton line of oscillation, but the amplitude narrowed
    .
    At the end of the session, bears entered the market with their positions, and left the market shortly, and copper prices gave up some of their gains in the afternoon, closing at 51430 yuan / ton, up 137 yuan / ton
    .

    Shanghai copper

    South Reserve East China: the average spot price of electrolytic copper was 51040 yuan / ton, down 170 yuan / ton; Liter discount quotation, -110 to -80 yuan, up 5
    .
    In East China, the morning shipper's quotation is high, the market response is poor, with the increase of shipments and the quotation back, traders receive goods sentiment is acceptable, low-price source transactions are smooth, overall, the transaction is average
    .
    Today's premium copper mainstream trading pair futures contract discount of 70-80 yuan, flat water copper discount 110-120 yuan, wet copper discount 160 yuan
    .

    South China Reserve: The average spot price of electrolytic copper was 51160 yuan / ton, down 180 yuan / ton; Liter discount quotation, 30 to 60 yuan, up 10
    .
    In Guangdong, cargo holders continued to ship at high prices, and downstream procurement efforts have also increased as copper prices stop falling, and intraday trading is better than yesterday
    .
    In addition, imported wet copper has recently entered the market and the quotation is low, which has won some downstream favor.

    Today's premium copper mainstream trading pair futures contract premium 60-70 yuan / ton, flat water copper premium 30-40 yuan / ton, wet copper premium 0 yuan / ton
    .

    Today, boosted by the external market, the decline in copper prices was suspended
    .
    In the evening test of 51500 yuan / ton first-line support capacity, it is necessary to pay attention to the initiative of changing the
    long and short warehouse volume.

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