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    Home > Chemicals Industry > New Chemical Materials > Brief review of Shanghai copper on October 18

    Brief review of Shanghai copper on October 18

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
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    On Thursday, the main 1811 contract of Shanghai copper opened at 50230 yuan / ton in the morning, the copper price at the beginning of the session along the 50230 yuan / ton line of narrow finishing, bargain short profit exit, copper price broke through the daily moving average, the center of gravity gradually rose to the intraday high of 50420 yuan / ton, and then copper prices along the daily moving average narrow finishing, as the bulls continue to leave the market, copper prices fell below the daily average, the center of gravity continued to decline, during the low intraday low of 50060 yuan / ton, closed at 50130 yuan / ton, down 100 yuan / ton, down 0.
    2%
    。 The main position decreased by 13,850 lots to 147,000 lots, and the trading volume increased by 9,278 lots to 121,000 lots
    .

    Shanghai copper

    South Reserve East China: average price of electrolytic copper: 50230 yuan, up 70, premium quotation: -70 to -50, flat
    .
    The market trading atmosphere warmed up, traders inquired positively in the morning, prices stopped falling and stabilized, buyers actively received goods after seeing stable prices, but downstream procurement still did not improve, traders traded mainly, and the overall transaction was acceptable
    .
    Today's premium copper mainstream trading pair futures contract discount of 40-50 yuan, flat water copper discount 60-70 yuan, wet copper discount 200-220 yuan
    .

    South China Reserve: average spot price of electrolytic copper: 50250 yuan, up 50, premium quotation: -70 to -20, down 25
    .
    Guangdong, due to the increase in arrivals and inventories continue to rise, continuing the situation of oversupply, the spot market early in the morning did not see yesterday's price sentiment, in some holders of low price dumping led by the rapid expansion of flat water copper discount, and the receiver showed a fear of falling cautious, low price mining, even if flat water copper fell to -70 yuan / ton line, the transaction was relatively cold, but the holder's subsequent willingness to adjust prices again was low, trading stalemate and flat
    .
    The premium copper mainstream trading pair futures contract discount of 20-30 yuan / ton, flat water copper discount 70-80 yuan / ton
    .

    The main center of gravity of Shanghai copper shifted down again compared with yesterday, the closing negative entity directly under pressure on the 5-day moving average, and then approached the middle rail of the Bollinger track, the MACD red energy column narrowed again, the KDJ opening expanded downward, waiting for the guidance of the external disk in the evening to test whether Shanghai copper can hold the 50,000 yuan / ton mark
    .

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