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    Home > Chemicals Industry > New Chemical Materials > Copper futures gave up previous gains and continued to wait for external guidance

    Copper futures gave up previous gains and continued to wait for external guidance

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
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    Tuesday Shanghai copper main contract 2002 morning opened at 49160 yuan / ton, after the opening until the end of the morning trading session, the center of gravity is stable around 49200 yuan / ton, the afternoon opening bulls continue to enter strongly, pushing up copper prices quickly pulled up to the highest point of the day of 49440 yuan / ton, short-term higher due to the lack of confidence in the market to go higher, and then quickly gave up the previous gains until the close, closing at 49260 yuan / ton, up 310 yuan / ton, or 0.
    63

    Copper period

    In terms of external trading, Apanlon copper opened low at 6187 US dollars / ton in the morning, the center of gravity of copper prices in the morning basically maintained a stable 6188 US dollars / ton line, and slightly tested 6178.
    5 US dollars / ton in the afternoon, but then approached the European market in the afternoon, due to the favorable stock market, copper prices began to gradually rise, short-term test of 6223 US dollars / ton high, short positions
    closed.
    Until entering the European market, the center of gravity of copper prices has returned, but it is firm above
    $6200.
    As of 18:00, London copper closed at $6208 / ton, up 0.
    23%.

    In the market, Shanghai copper rose strongly to 49,000 yuan / ton
    .
    On the first day after the change of month, traders intend to raise the price quotation under the situation of low inventory, the morning market quotation flat water ~ premium 10 yuan / ton, but the market reaction hesitant, the holder once deadlocked, in the individual traders dump goods under the guidance of the downward space amplification, flat water copper took the lead in price adjustment, from a small discount of 10 yuan / ton to a discount of 30 - a discount of 40 yuan / ton, good copper from the flat water line to a discount of 20 yuan / ton still shows that there are difficulties in trading, wet copper quotation around 100 yuan to 80 yuan / ton
    。 The market is rising, the holders have difficulties in shipping, there is room for price reduction, and traders may still have room for operation during the final delivery of the annual long order, but the holders may not be willing to expand the discount shipment during the final delivery of the annual long order, in addition to being forced to cash out under financial pressure, the overall trading atmosphere is cautious
    .

    Shanghai copper performance fell back during the day, the overall center of gravity stabilized around 47200, bulls continued to increase positions to try to pull up copper prices, but due to the recent macro British election and trade war and other favorable sentiment was digested, superimposed on the British and US PMI data are less than expected, limiting the rise of copper prices, making the short-term high of 49400 yuan / ton after a rapid decline
    .
    At present, Shanghai copper continues to close the sun, MACD continues to show red columns, continue to wait for external guidance, test whether Shanghai copper can continue to maintain stability around 49260 yuan / ton and gain momentum
    .

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