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On Thursday, the main 1811 contract of Shanghai copper opened at 50230 yuan / ton in the morning, the copper price at the beginning of the session along the 50230 yuan / ton line of narrow finishing, bargain short profit exit, copper price broke through the daily moving average, the center of gravity gradually rose to the intraday high of 50420 yuan / ton, and then copper prices along the daily moving average narrow finishing, as the bulls continue to leave the market, copper prices fell below the daily average, the center of gravity continued to decline, during the low intraday low of 50060 yuan / ton, closed at 50130 yuan / ton, down 100 yuan / ton, down 0.
2%
。
Externally, London copper morning market opened at 6214.
5 US dollars / ton, early London copper along the daily moving average narrow finishing, the amplitude does not exceed 12 US dollars / ton, during the test of the intraday high of 6226 US dollars / ton, due to the overnight release of the Federal Reserve minutes, the minutes point to further interest rate hikes, the dollar index strengthened, and then the center of gravity of London copper continued to fall, falling below
the daily average 。 During the European session, the US dollar index fell sharply, the center of gravity of London copper gradually rose to break the daily moving average, blocked by 6200 US dollars / ton, around the daily moving average after the wide range of oscillations because the US dollar index strengthened again, London copper fell rapidly and plummeted, plummeting 52 US dollars / ton, touching down 6137.
5 US dollars / ton
.
In terms of the market, the US dollar index rose strongly, and the Shanghai copper was under pressure on the 5-day moving average to the downside, but it stayed above 50,000 yuan, and the copper price hovered at 50200 yuan / ton during the day, and the spot market buying was still weak, and the market maintained the previous day's quotation discount of 70~40 yuan / ton
.
If traders are willing to receive the goods, they can reduce the price to a good copper discount of 60~50 yuan / ton, and the performance of various varieties of flat water copper quality is differentiated, and the difference is large
.
The market stops and waits mostly, due to sufficient supply, weak buying, the short-term pressure on the market trend is weak, the activity of copper futures is low, the supply and demand sides have differences, the quotation continues to show a discount situation, and the expansion of the discount in the future market may be limited
.
In the afternoon, the plate fell to almost 50,000 yuan / ton, downstream and traders showed positive performance, began to receive goods, flat water copper discount water raised to report discount 60 yuan / ton ~ discount 40 yuan / ton, good copper discount also raised to discount 40 yuan / ton ~ discount 20 yuan / ton, with the decline of the plate transaction price down to 50060 yuan / ton ~ 50200 yuan / ton
.
The main center of gravity of Shanghai copper shifted down again compared with the previous day, the closing negative entity directly under pressure on the 5-day moving average, and then approached the middle rail of the Bollinger track, the MACD red energy column narrowed again, the KDJ opening expanded downward, waiting for the guidance of the external disk, testing whether Shanghai copper can hold the 50,000 yuan / ton mark
.
