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    Home > Chemicals Industry > New Chemical Materials > Brief review of Shanghai copper on October 10

    Brief review of Shanghai copper on October 10

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
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    Today's Shanghai copper main 1811 contract opened at 51030 yuan / ton in the morning, at the beginning of the session in the long position increase quickly tested the intraday high of 51070 yuan / ton, and then the high profit closing dragged down the plate difficult to hold the high of 51000 yuan / ton, Shanghai copper high fell back to 50950 yuan / ton line, but London copper is also difficult to maintain stability 6300 US dollars / ton, Shanghai copper with the fall, by the strong support of the daily moving average, hovering above the daily moving average along the 50820 yuan / ton narrow range
    .

    Shanghai copper

    In the afternoon, some bulls concentrated on reducing their positions, so that copper prices continued to give up some of the gains in the day, touching down 50670 yuan / ton, fortunately supported by low buying, Shanghai copper out of the intraday low, the end of the day around 50800 yuan / ton narrow finishing, closed at 50770 yuan / ton, up 470 yuan / ton, up 0.
    93%.

    South Reserve East China: average price of electrolytic copper: 50920 yuan, up 360, premium quotation: -70 to -40, down 55
    .
    The basis of the next month was further narrowed, the holders continued to adjust the price of shipments, good copper has been discounted to the transaction, low prices attracted some buyers to receive goods, downstream on demand appropriate replenishment, the overall transaction is
    acceptable.
    Today's premium copper mainstream trading pair futures discount of 30-40 yuan for the month, flat water copper discount 60-70 yuan, wet copper discount 110-120 yuan
    .

    South China Reserve: average spot price of electrolytic copper: 50930 yuan, up 390, premium quotation: -80 to 0, down 25
    .
    In Guangdong, copper prices and inventories have risen sharply, the spot market is obviously oversupplied, and there is also a fear of heights downstream, some holders saw this morning to attract buyers at a relatively low price to receive goods, flat water copper premium fell to -80 yuan / ton, after a small number of transactions, the market returned to calm, but the subsequent holders are not willing to further adjust prices, the transaction is
    deadlocked.
    The mainstream trading of premium copper is 0-10 yuan / ton for futures contracts in the month, and 70-80 yuan / ton
    for flat water copper.

    Today's Shanghai copper main force actively increased its position on the dip, closed two consecutive Yang, stood on the 5-day moving average, and once broke through the 120-day moving average above, and then moved closer to the upper band of the Bollinger track
    .
    Pay attention to the release of bulls' energy in the evening, wait for external guidance, and test whether Shanghai copper can hold the half-year line
    .

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