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On Wednesday, the main 1907 contract of Shanghai copper opened at 47450 yuan / ton in the morning, the opening was low, and then affected by the external market, the plate rose rapidly, after the short-term high of 47670 yuan / ton, the center of gravity of copper prices moved down slightly, and the first trading session in the morning concentrated trading around 47600 yuan / ton, for a small shock sorting
.
Subsequently, the bulls continued to increase their positions into the market, and copper prices rose
again.
Until the afternoon, copper prices further tested to a high of 47780 yuan / ton, and then fluctuated in a narrow range around 47730 yuan / ton, and further tested the intraday high of 47800 yuan / ton, closing at 47730 yuan / ton, up 220 yuan / ton, or 0.
46%.
In terms of external trading, Asian market, London copper opened low at 6030 US dollars / ton in the morning, and tested lower 6028 US dollars / ton after the opening, as the market risk aversion has eased, copper price performance rose rapidly, during the period at 6065 US dollars / ton position was hindered, market performance hesitated, then entered the European market, short positions, copper prices again performed upward, the European market at the beginning of the short-term high of 6082.
5 US dollars / ton, failed to maintain stability at a high level, copper prices quickly declined, as of 17:00, London copper reported 6060 US dollars / ton
。 At present, London copper is still under pressure on all recent moving averages, the lower Bollinger band provides weak support for the price, the current London copper 6,000 US dollars has support, waiting for the dollar and crude oil guidance, test whether London copper can continue to hold the 6,000 US dollars / ton integer mark and prepare for the uptest 5-day moving average
.
In terms of the market, Shanghai copper continued to maintain a position of 47,500 yuan / ton
.
The market inquiry is active, the monthly price difference between the morning interval is still fluctuating between 110~120 yuan / ton, the holder's quotation premium is 100~170 yuan / ton, the downstream inquiry is active, the bargain buying is acceptable, the trade is also active, and the willingness to receive goods continues to be obvious
.
With the spread of price expansion to 130~140 yuan / ton, good copper raised to 190~200 yuan / ton, flat water copper raised to 130~140 yuan / ton, difficult to find wet copper, quotation full premium, up quotation to premium 40~70 yuan / ton
.
Some traders have taken the initiative to quote the 1906 contract, aiming to maintain the flat water copper premium of more than 10 yuan / ton / ton after the month change, and the good copper premium 80-100 yuan / ton range, so compared with the quotation of the contract of the month in the earlier market, the market still has room to explore, the monthly difference before delivery and the premium trend after delivery form the activity of these two days of trading
.
