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    Home > Chemicals Industry > New Chemical Materials > Copper prices fell slightly, and the center of gravity basically remained stable

    Copper prices fell slightly, and the center of gravity basically remained stable

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    On Thursday, the Shanghai copper 1905 contract opened at 49300 yuan / ton in the morning, after the opening because the external market last night by the Fed dovish performance straight up, bulls actively increased positions, Shanghai copper performance with the rise, the center of gravity oscillated up to around 49440 yuan / ton, at this position the shock closed, many times up 49450 yuan / ton, and then before entering the midday, copper prices began to show a slight decline, the center of gravity basically maintained at 49400 yuan / ton line, mainly fluctuated in the range of 49380-49420 yuan / ton, During the period, there was also a short-term test of 49470 yuan / ton, and the center of gravity at the end of the session moved slightly up to 49430 yuan / ton, closing at 49420 yuan / ton, up 130 yuan / ton, or 0.
    26%.

    Copper prices

    In terms of the external market, the Asian market, London copper opened at 6496 US dollars / ton, tested down 6488 US dollars / ton, after the opening is still affected by the US index plunge, bulls entered the market actively, copper price performance rose rapidly, and then copper prices repeatedly fluctuated in the range of 6506.
    5-6523.
    5 US dollars / ton, concentrated trading around 6516 US dollars / ton, until the afternoon into the European market, copper prices rose again in a straight line, after testing 6545 US dollars / ton, copper prices slowed down, as of 17:20, London copper reported 6550.
    5 US dollars / ton

    In terms of the market, the Fed's interest rate meeting is imminent, the market is not expected to raise interest rates, the US dollar fell below the 96 mark, generally boosting base metals, and the center of gravity of Shanghai copper moved slightly up to 49200 yuan / ton line
    。 Near the delivery of long orders, the market bargain buying performance is obvious, the holding of the price to raise the water sentiment further fermentation, the morning market quotation premium 900 ~ 1100 yuan / ton, the morning market once had individual holders low price shipments, flat water copper in the premium 880-890 yuan / ton, the market buying strong, the transaction enthusiastic, a rush, so the holder quickly raised, flat water copper quickly returned to the premium 900 yuan / ton above, good copper is relatively stable, quotation to premium 1070 ~ 1100 yuan / ton, Since then, the transaction activity has not been further improved, and the market has temporarily stopped, so that the transaction has maintained the level of 910 ~ 1100 yuan / ton
    .
    The source of low-premium water is still attractive, but the willingness of the holders to stand up and premiums is obvious, the supply and demand sides still maintain a tug-of-war situation, the spot premium still maintains a stalemate in the short term, and it is difficult for the market to have room for price reduction before the completion of long-term order delivery
    .
    In the afternoon, traders continue to receive goods as the main delivery of long orders, the market transaction is more active, and low-priced goods are difficult to find
    .

    The center of gravity of the Shanghai copper closing solid column is still wrapped around the 5-day and 10-day moving averages, the KDJ indicator opening performance is strongly expanding, and the MACD indicator green column has also narrowed, but the current Shanghai copper entity as a whole is still under pressure in the middle of the Bollinger curve, the current domestic inventory inflection point has not appeared, and the market expects consumption to pick up
    .
    Wait for the guidance of the external disk to test whether the main force of Shanghai copper can stand at 49,500 yuan / ton
    .

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