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    Home > Chemicals Industry > New Chemical Materials > Copper prices fell back to low levels again and returned to low levels at the end of the session

    Copper prices fell back to low levels again and returned to low levels at the end of the session

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    On Tuesday, the Shanghai copper 1905 contract opened at 48330 yuan / ton in the morning, the center of gravity remained stable at 48340 yuan / ton after the opening, copper prices fluctuated in the range of 48330-48370 yuan / ton, and then the price was affected by the external market, quickly fell to the daily average of 48280 yuan / ton, after the shock closed, the bears continued to close their positions, copper prices continued to perform downward in the afternoon, short-term test low of 48190 yuan / ton, copper prices rebounded, but in the afternoon after the short-term test of the daily average, copper prices fell back to the low level again, At the end of the session, the performance returned to the low level, the center of gravity returned to the position of 49290 yuan / ton, and closed at 48230 yuan / ton, down 180 yuan / ton, down 0.
    37%.

    Copper prices

    In terms of the external market, the Asian market, London copper opened at 6339 US dollars / ton, after the opening copper price performance slightly higher, after testing 6342 US dollars / ton, failed to continue to maintain stability at the high, copper prices soon fell below the daily moving average, before the afternoon has tested down 6320 US dollars / ton, the low transaction did not show concentration, and then the price rose to 6328 US dollars / ton, there was a period of concentrated trading market, and then copper prices basically maintained stability around 6325 US dollars / ton, as of 17:00, London copper reported 6321.
    5 US dollars / ton

    In terms of the market, after the previous day's plunge, Shanghai copper hovered above 48100 yuan / ton narrow finishing, yesterday's monthly long order basically came to an end, the market quotation is deadlocked, although the morning market quotation of the holder is not as high as the previous day, but the good copper quotation from the premium of about 1120 yuan / ton only reduced to 1100 yuan / ton, on the beginning of stagnation, flat water copper from the premium of 1000 yuan / ton reported, quickly was reduced to the premium of 970 ~ 980 yuan / ton
    .

    The willingness of the holder to ship the current month's invoice has weakened during the day, and the next month's invoice quotation appears, with a flat water copper discount of about 100 yuan, and a good copper premium of about 50 yuan / ton, but there are more inquiries and less
    receipts.
    After a week, the invoice quotation of the next month will increase day by day, and although the invoice price of the month is loosened, it is difficult to have a big room
    for a big reduction.
    In the afternoon, due to the good situation of downstream picking, the quotation of flat water copper remained firm, but good copper due to the low market buying heat, so the holder slightly lowered the copper premium
    .

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