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    Home > Chemicals Industry > New Chemical Materials > Brief review of Shanghai copper on October 29

    Brief review of Shanghai copper on October 29

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
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    Today's Shanghai copper main contract No.
    1812 fell sharply higher, closing at 49770, down 270 points
    .
    On the market, Shanghai copper rose slightly on Friday, and Shanghai copper opened high and low
    on Monday.
    U.
    S.
    stocks tumbled on Friday, and the dollar index remained strong, putting pressure on copper prices; The domestic stock market remained weak, with the Shanghai Composite Index closing down 2.
    17%, and copper prices weakening
    simultaneously.
    Last Friday's judgment that the copper price volatility weakened was verified, and the shock range is expected to be 49300-50300, about 200 lower than before
    .
    Operationally, you can take short
    positions lightly.

    Shanghai copper

    South Reserve East China: average price of electrolytic copper: 49860 yuan, down 90, premium quotation: -130 to -100, down 40
    .
    In East China, at the end of the month, the holders continued to adjust the price to sell goods for cash, the discount expanded again, buyers waited and saw that the main receipt was less, the downstream funds were also relatively tight, consumption still did not improve, and the overall transaction was not good
    .
    Today's premium copper mainstream trading pair futures contract (next month's pass) discount of 90-100 yuan, flat water copper discount 120-130 yuan, wet copper discount 200-210 yuan
    .

    South China Reserve: average spot price of electrolytic copper: 49810 yuan, down 40 yuan, premium quotation: -180 to -140, up 5
    .
    In Guangdong, market activity declined at the end of the month, holders offered few quotations and there was a strong price reluctance to sell, even in the case of poor delivery, the willingness to adjust prices was not high, and the general optimism about the trend of future market
    rises.
    The overall trading atmosphere is relatively quiet
    .
    The premium copper mainstream trading discount for futures contracts in the month is 140-150 yuan / ton, and the flat water copper discount is 170-180 yuan
    .

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