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On Monday, the main contract of Shanghai copper 2003 opened at 49080 yuan / ton in the morning, and the trend was stable after the opening, the center of gravity fluctuated between 49030-49100 yuan / ton until the end of the midday, the afternoon plate was higher, copper prices re-stood above the daily moving average, the highest point of the day was 49160 yuan / ton, and the end of the session fell slightly and closed at 49100 yuan / ton, down 230 yuan / ton, down 0.
47%.
In terms of external trading, intraday Asian trading morning London copper opened at 6269.
5 US dollars / ton, the morning copper price basically maintained stability around 6273 US dollars / ton, the beginning of the test low 6267.
5 US dollars / ton, the overall amplitude around 10 US dollars / ton, until the end of the Asian session, copper prices showed an upward trend, and peaked at 6294 US dollars / ton at the end of
the session.
Then entered the European market, due to the interference of Brexit risks, the pound sterling and the euro both fell, copper prices began to fall, and then fell to the intraday low of 6258.
5 US dollars / ton
.
As of 17:00, London copper closed at $6264/ton, down 0.
05%.
In the market, Shanghai copper fell slightly to 48,900 yuan / ton
.
The market has obviously entered the Spring Festival mode, the participation has dropped significantly, the quotation is scarce, the quotation is divergent, the morning quotation discount is 60 ~ 30 yuan / ton, the market is more wait-and-see, almost no transaction
.
Individual holders quote a small number of low prices to attract some of the traders, flat water copper as low as about 100 yuan discount, good copper basically around the discount of about 50 yuan / ton quotation, wet copper discount 200 ~ discount 150 yuan / ton are available, downstream almost no supplement
.
The atmosphere of the Spring Festival has gradually emerged, traders have entered a state of rest, buying is sluggish, market supply and demand are both weak, the market trading weakness and quiet have become a trend a few years ago, and the rest of the trading day discount will gradually narrow
.
In the afternoon, the market still maintained a light situation, and it was difficult for the holders to raise the price under the pattern of light trading, so the afternoon quotation was basically maintained without major changes
.
In the afternoon, the flat water copper newspaper discount 80-discount 70 yuan / ton, good copper newspaper discount 50-discount 40 yuan / ton, the transaction price is in the range of 48850-48940 yuan / ton
.
The center of gravity of the intraday plate basically maintained stability at 49,100 yuan / ton, mainly because the domestic central bank continued to reverse repurchase operations during the day, with a net investment of 250 billion yuan, and as of January 19, the central bank has continuously invested 1.
1 trillion yuan, and the "water release" has gradually increased a few years ago, which is conducive to maintaining stability at a high level of copper prices
.
But copper prices rose
due to heightened risks of global geopolitical tensions and Brexit uncertainty.
At present, Shanghai copper closed negative, has fallen below the 40-day moving average support, waiting for external guidance, to test whether Shanghai copper can continue to hold the 49,000 yuan / ton mark
.
