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    Home > Chemicals Industry > New Chemical Materials > Copper prices fluctuated all the way down, dragged down by the zinc market

    Copper prices fluctuated all the way down, dragged down by the zinc market

    • Last Update: 2022-12-06
    • Source: Internet
    • Author: User
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    On Tuesday, the main Shanghai copper 1708 opened immediately rushed to 46180 yuan, but since then copper prices have fluctuated all the way down, once falling below the 46,000 yuan integer mark, the afternoon shock rose to 46100 yuan, the end of the day dipped again, the lowest fell to 45810 yuan, closed at 45830 yuan, down 510 yuan, down -1.
    10%, index positions decreased by 1346 hands to 574,000 lots
    .

    Copper prices

    In terms of the external market, LME March copper opened slightly higher at $5764.
    5 in the morning, and then fluctuated higher to $5782, after which it came under pressure, the price began to fluctuate lower to near the opening price, and once rebounded slightly in the afternoon, but helplessly plunged sharply at the end of the day, and the Asian market closed at $5,743, down $20.
    5, or -0.
    36%.

    In terms of the market, the market trading during the midday mainstream trading session is general, holders actively quote, but intraday spot copper has been fully converted to discount, as copper prices continue to fall, the discount continues to loosen, the enthusiasm of holders to ship weakened, downstream wait-and-see mainly, trading cautious, poor transactions, trading is dominated by wet copper resources
    .
    Among them, good copper C30-C20 yuan / ton, flat water copper C60-C50 yuan / ton, wet copper C120-C110 yuan / ton
    .

    In terms of news, overnight Shanghai zinc rose retreated, intraday profit again suffered a sharp decline, dragging down the overall colored sector, the tail black series accelerated diving to hit the copper market again, inventory, LME inventories increased slightly, COMEX copper inventories continued to rise to new highs, while the Fed June interest rate meeting before the market cautious, the current copper market is only rebounding, the market continues to face greater supply pressure
    .

    From the futures plate, Shanghai copper intraday to make up for yesterday's gap, while hindered by the pressure near the half-year line, the current KDJ, MACD once again golden cross, copper market may fluctuate at a high level, continue to pay attention to downstream procurement
    .

     

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