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Thursday's Shanghai copper main contract 2004 opened at 45610 yuan / ton in the morning, after watching the market it was low to around 45520 yuan / ton, and then rose slightly back above the daily moving average, and the afternoon plate briefly stabilized at 45600 yuan / ton and continued to fall, until the close has continued to fall straight down, closing at 45440 yuan / ton, down 230 yuan / ton, down 0.
5%.
The position of the main Shanghai copper contract increased by 4,176 contracts to 127,000 lots, mainly reflected in the increase of short positions, and the trading volume decreased by 1,020 lots to 54,000 lots
.
In terms of external trading, the Asian market opened at 5665 US dollars / ton in the morning, and the overall performance after the morning opening fluctuated in a narrow range, and the short-term test was 5681 US dollars / ton at noon, and the Asian market trend was almost unchanged
.
Entering the European market, on the one hand, affected by the global spread of the epidemic, in addition, the high inventory state of the copper market has also suppressed the price, the center of gravity of London copper has shifted down, the afternoon short-term touch 5641.
5 US dollars / ton, as of 17:30, London copper 5653 US dollars, down 7.
5 US dollars / ton, down 0.
18%.
In terms of the market, the global spread of the epidemic continues to rise, and the overall trend of commodities is still weak, with copper performance falling to 45,400 yuan / ton for six consecutive years
.
The market morning market continued the previous day's quotation discount 180 ~ discount 140 yuan / ton, market inquiry enthusiasm is high, low-price source transaction is positive, flat water copper discount 180 ~ discount 170 yuan / ton quotation and there is a transaction, good copper quotation maintained at about 150 yuan / ton, weak transaction, wet copper import source decreased, the quotation slightly narrowed to less than the previous
day's discount to less than 250.
With the market downturn, and the imminent departure from February, downstream inquiries increased, willingness to enter the market increased, traders were looking forward to next week's upcoming March consumption, month-end factors made discount quotations temporarily deadlocked, but the market remained cautious
overall.
Flat water copper held steady at 170-160 yuan / ton of discount, good copper held steady at 150-140 yuan / ton, and the transaction price gradually fell back to the price range of the morning market to 45150-45340 yuan / ton
after rushing higher.
Shanghai copper continued to fall during the day, has been down for 5 consecutive days, foreign epidemic is still the main reason for the continuation of the decline of Shanghai copper, Europe and Japan and South Korea infection rate continues to rise, continue to cause market worries, while the country is also worried about the import of South Koreans to Shandong and other places, resulting in an increase in the risk of domestic epidemic rebound, while due to the spread of the epidemic to many countries, investors are worried about the greater impact on global demand, the U.
S
.
crude oil index fell for 5 consecutive days, has now fallen to around $48 / barrel, a new low in nearly a year, linked copper market continues to decline 。 Continue to pay attention to the development trend of the epidemic abroad, before the peak of the global epidemic, the high level of the copper market is still limited, testing whether Shanghai copper can hold 45400 yuan / ton
.
