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Tuesday's Shanghai copper main contract 1911 morning 47190 yuan / ton, the opening fell 47110 yuan / ton, and then rebounded and continued to rise to the highest level of the day 47240 yuan / ton, the afternoon opening fell all the way to the end of the session, and gave up all the gains of the day, closing at 47120 yuan / ton, up 90 yuan / ton, or 0.
19%.
The main reason is that the macro situation has not improved in recent days, and the European manufacturing data continues to weaken and drag down the macro, while the US dollar still stands at a high of 98.
7, which puts pressure
on the copper market.
Externally, London copper Asia opened higher at 5805.
5 US dollars / ton, tested higher 5815 US dollars / ton in the morning, after the opening due to the recent weak European economic data, the US dollar high suppressed copper prices, but then due to the good performance of the domestic stock market, the Shanghai index returned to 3000 points, copper prices slowly rebounded, and in the afternoon London copper rose again above the 5800 mark
.
Entering the European market, the copper market performed in the 5800 mark repeatedly fluctuated, during the period of low test of 5779.
5 US dollars / ton, there is no clear guidance
.
As of 16:40, London copper was trading at $5,797 / ton, up 0.
14%.
In terms of the market, copper prices continued the trend of the previous day around 47100 yuan / ton in a narrow range
.
Spot morning continued yesterday's quotation premium 170 ~ premium 200 yuan / ton, spot still shows the characteristics of many goods and insufficient buying, holders take the initiative to reduce prices to seek transactions, flat water copper led the downward adjustment, the transaction was around 160 yuan / ton, good copper traded in 180 ~ 190 yuan / ton
。 In the second trading stage, in order to strive to reduce the price of flat water copper to 150 yuan / ton, and some of the low prices can be collected to 140 yuan / ton of flat water copper; Good copper quotations tend to stabilize in the range of 180 ~ 190 yuan / ton of premium, and traders intend to receive goods at a lower price; Downstream enterprises maintain rigid demand, and wet copper maintains the previous day's quotation premium of about
120 yuan / ton.
Futures plate is also temporarily difficult to get rid of the range shock pattern, the spot market cautious risk aversion is strengthened, traders before the holiday trading volume is not expanding but gradually declining, the entire market trading is general, the current month ticket trading is slightly better, the quotation can still barely maintain stability, and next month the ticket is more difficult to attract under the dominance of risk aversion, and the price reduction speed is faster
.
In the afternoon, due to the impact of long orders, there is still a certain passive replenishment before the 25th, especially when the monthly pass holders are clear in the face of limited demand
.
Shanghai copper closed the sun during the day, the MACD green column continued to lengthen, and the technical performance was still bearish
.
Wait for the guidance of the external disk to test whether Shanghai copper can continue to stand at 47100 yuan / ton
.
