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    Home > Chemicals Industry > New Chemical Materials > Copper prices fell rapidly and then remained stable and volatile

    Copper prices fell rapidly and then remained stable and volatile

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    Tuesday Shanghai copper 1905 contract before the afternoon basic shock at 49250 yuan / ton line, in the morning opened at 49200 yuan / ton, after the opening of the center of gravity slightly moved up to around 49250 yuan / ton, and then basically maintained stability shock, during the short-term down to 49180 yuan / ton, in the afternoon guided by the external disk, copper prices in the short line to test 49290 yuan / ton after a rapid fall, in the 49210 yuan / ton after narrow repair, short positions, the end of the session performance all the way up the shock, closing at 49330 yuan
    。 Up 150 tons, or 0.
    31%.

    Copper prices

    In terms of external trading, the Asian market, London copper opened at 6438 US dollars / ton, opened low 6435 US dollars / ton, the center of gravity in the Asian session around 6447 US dollars / ton A narrow range fluctuated in the range of 6440-6450 US dollars / ton, until the end of the Asian market, as the market expected the Fed interest rate agreement to remain dovish, the US index weakened, the US crude oil performance was low and rose, copper prices followed, London copper crossed the daily moving average, the daily average of the case group, again pointed to 6500 US dollars / ton, touched 6503 US dollars
    。 As of 17:00, London copper was trading at $6497.
    5/mt
    .

    In terms of the market, Shanghai copper continued to hover at 49100 yuan / ton
    .
    The quotations of holders in the morning market are stable, the price trend remains unchanged, and the willingness to exchange cash is low
    .
    Holders quoted a premium of 850~1050 yuan / ton, the market briefly stopped and watched, bargain buying increased, traders led the market to trade, the morning market activity was high, a round of receipt led to a rapid increase in quotation to flat water copper premium 870 yuan / ton, good copper premium 1070 yuan / ton
    .
    Before the close of the afternoon market, Good Copper had already shown a premium of 1150 yuan / ton, and the transaction was further suppressed
    .
    Today, some downstream inquiries have increased, the willingness to replenish stocks on dips has increased, and the activity among traders has improved, but the price discourse power is still dominated by the willingness of cargo holders
    .
    Afternoon offers continued to firm, with downstream buying enthusiasm cooling
    as prices rose in the afternoon.

    The Shanghai copper closing negative entity rose above the 5-day and 10-day moving averages during the day, and the green column of the MACD indicator continued to narrow, paying attention to waiting for external guidance, testing whether the main force of Shanghai copper can test whether it can stand firm in the middle of the Bollinger curve at 49380 yuan / ton
    .

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