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    Home > Chemicals Industry > New Chemical Materials > Copper prices fluctuated all the way down, completely falling below the daily moving average

    Copper prices fluctuated all the way down, completely falling below the daily moving average

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
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    On Tuesday, the main force of Shanghai copper 1901 morning market opened at 49860 yuan / ton, the beginning of the session copper price along the daily moving average narrow consolidation, during the two touched the intraday high of 49940 yuan / ton were blocked to fall, the second trading session began, London copper weakened, Shanghai copper bulls left, copper prices all the way down, completely fell below the daily average, tested down 49540 yuan / ton, bargain bears took the opportunity to leave, copper prices were strongly supported, recovered part of the intraday decline shock upward to around 49670 yuan / ton, late bulls left, copper prices fell slightly , closed at 49580 yuan / ton, down 80 yuan / ton, down 0.
    16%.

    Copper prices

    In terms of the external disk, Lun copper first suppressed and then rose
    .
    During the Asian session, London copper opened at 6241 US dollars / ton, after the opening copper price around the daily moving average narrow range oscillation, the market maintained a wait-and-see situation, the transaction was flat, during the period of 6246.
    5 US dollars / ton, the amplitude did not exceed 13 US dollars / ton, and then due to the APEC meeting Sino-US contradictions again, the signal of Sino-US trade disputes was unclear to suppress copper prices, copper prices moved down from the daily moving average, until the end of the Asian market, London copper is basically in a downward pressure situation, the upper blocked daily moving average, the lower several degrees to test down, the low of the day 6210 US dollars / ton

    In terms of the market, Shanghai copper was blocked from falling after soaring overnight, and copper prices fell under pressure of 49,800 yuan / ton
    .
    The morning market continued the previous day's quotation premium of 50~100 yuan / ton, the market inquiry enthusiasm is high, but the transaction is holding a wait-and-see trend
    .
    The proportion of good copper sources in imported copper has decreased, the spot zero order market of good copper has been further reduced, the quotation of good copper has maintained a premium of 90~100 yuan / ton and there is a transaction, the quotation of flat water copper has been adjusted to about 40 yuan / ton, the low transaction has improved compared with the previous day, and the downstream maintains rigid demand
    .
    The willingness of the intraday market to receive goods is still hesitant and sluggish, but the holders are also unwilling to reduce the premium quotation too much, and the market shows the characteristics
    of supply and demand stalemate.
    In the afternoon, the market fell, downstream bargain replenishment, the transaction was slightly better than in the morning, the holder was more firm and premium, flat water copper, good copper price space is small, in the afternoon flat water copper reported a premium of 40 ~ 50 yuan / ton, good copper reported a premium of 100 ~ 110 yuan / ton, the transaction price fell to 49610 yuan / ton ~ 49730 yuan / ton
    with the fall of the plate.

    Although the main force of Shanghai copper closed overnight, due to the overnight Shanghai copper main force jumped high, and then broke through the 50,000 yuan mark and climbed 50,030 yuan / ton, the overall copper price center of gravity and stood above the 20-day moving average, intraday copper price basically stood firm in the Bollinger middle rail, the high pointed to the half-year line, MACD red energy column appeared, waiting for the guidance of the external disk, pay attention to the exit of bulls, test whether the main force of Shanghai copper can maintain stability above the Bollinger middle rail of 49592 yuan / ton
    .

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