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    Home > Chemicals Industry > New Chemical Materials > Brief review of Shanghai copper on September 26

    Brief review of Shanghai copper on September 26

    • Last Update: 2022-12-12
    • Source: Internet
    • Author: User
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    Today's Shanghai copper main 1811 contract has jumped high overnight, opened at 50460 yuan / ton in the morning, long positions at the beginning of the session, copper prices quickly touched the lowest of the day 50390 yuan / ton, and then along the 50520 yuan / ton around a narrow range
    .
    In the afternoon, bulls took profits and left the market, a large number of bears entered with positions, the center of gravity of copper prices moved down, and the low of the day was once again blocked by 50390 yuan / ton, and the end continued to be in a narrow range of 50455 yuan / ton below the daily moving average, closing at 50530 yuan / ton, up 350 yuan / ton, an increase of 0.
    7%.

    Shanghai copper

    South Reserve East China: average price of electrolytic copper: 50650 yuan, up 220, premium quotation: 0 to 30, down 50
    .
    The basis began to narrow in the following month, holders continued to actively sell, the premium plummeted, buyers wait-and-see sentiment was stronger, received less goods, the market rebounded strongly, the downstream feared heights, and the overall transaction was not good
    .
    Today's premium copper mainstream trading pair futures that month premium 10-30 yuan, flat water copper discount 30-50 yuan, wet copper discount 90-100 yuan
    .

    South China Reserve: average spot price of electrolytic copper: 50,750 yuan, up 220, premium quotation: 100 to 130, down 45
    .
    In Guangdong, the spot circulation is abundant, and the downstream receiving performance is not as expected, the holders in order not to backlog goods before the holiday, successively adjust the price of selling, next month's ticket flat water copper from the morning premium of 160 yuan / ton down all the way down to 100 yuan / ton, even if this transaction still has not significantly improved, the current market generally expects the downstream replenishment situation in the next two days
    .
    The premium copper mainstream trading pair futures contract premium 120-130 yuan / ton, flat water copper premium 90-110 yuan / ton
    .

    The Shanghai Copper Index outflowed 174 million yuan today, and the nonferrous sector as a whole outflow of 596 million yuan, mainly short hedging and leaving the market, and the trend slowed down
    during the day.
    The main force of Shanghai copper has jumped high overnight, and it has been narrowly sorted out below the daily moving average during the day, but the overall center of gravity has risen to another level, and although the two days closed negative, the closing entity has crossed the high of 50,540 yuan / ton
    since the end of July.
    In the evening, continue to pay attention to the performance of long and short positions, wait for external guidance, and test whether the main force of Shanghai copper can break through the 51,000 yuan / ton mark
    before the holiday.

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