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On Wednesday, the main morning market of Shanghai copper opened at 48980 yuan / ton, the beginning of the session London copper wide range shock downward, Shanghai copper with the fall shock downward to 48850 yuan / ton to get support, and then along the 48910 yuan / ton a line of amplitude narrow consolidation, during the high of 49020 yuan / ton was blocked to fall
.
In the afternoon, London copper fell, Shanghai copper from 48910 yuan / ton all the way down to the low of the day 48720 yuan / ton, barely held the 48700 yuan / ton line, at the end of the day, copper prices along the 48800 yuan / ton line narrow finishing, closed at 48820 yuan / ton, down 80 yuan / ton, down 0.
16%.
Externally, London copper edged lower
due to weakness in China's total retail sales of consumer goods.
During the Asian session, London copper opened at 6064.
5 US dollars / ton, after the opening copper price around the daily moving average short-term oscillation, during the period touched 6069.
5 US dollars / ton, until noon, copper prices repeatedly fluctuated in the range of 6040-6070 US dollars / ton, the afternoon US index re-established 97 high, copper prices under pressure daily moving average downward, the afternoon center of gravity generally fluctuated at 6035-6050 US dollars / ton, still blocked by the daily moving average, the running high is only 6056 US dollars / ton, the daytime amplitude does not exceed 35 US dollars / ton, As of 17:30, Lun copper was trading at $6046.
5/ton
.
In terms of the market, the Shanghai copper fluctuated slightly around 49,000 yuan / ton in the next month, and the copper price fluctuated in a narrow range along the daily moving average at 48,900 yuan / ton
.
The monthly price difference in the early interval is still fluctuating at 50~60 yuan / ton, and the holders of the market quotation premium 20~50 yuan / ton, and the good copper premium 50 yuan / ton market transaction is active
.
With the widening of the price difference in the next month, the low-priced source was quickly collected, and the flat water copper was concentrated at 20~30 yuan in premium, and the good copper was raised at 60~70 yuan / ton
in premium.
Entering the second trading stage, the price difference in the next month once widened to 90~100 yuan / ton, and the performance of the shock volatility was violent, the holder raised the quotation of good copper premium 70~80 yuan / ton, flat water copper quotation premium 40~50 yuan / ton, the transaction is difficult after the premium rises, wet copper transaction maintenance quotation discount 100~70 yuan / ton
.
The intraday market was under pressure around 49,000 yuan / ton, attracting the market to buy on the dip, and the downstream market increased slightly, but the price difference fluctuated sharply in the next month, and the market had difficulty in following the rise, but it was difficult to have room for price reduction
.
On the last trading day of the month, the performance of the premium is unlikely to change significantly, and the space for trade speculation is unattractive
.
In the afternoon, the basis of the next month expanded to about 100 yuan / ton, the market was down, some holders continued to unilaterally pull up the premium, although the market inquired positively, but due to the premium pulling up, traders have little profit space, low willingness to take goods, but it is difficult to find low-priced sources, and the afternoon transaction is still
deadlocked.
During the day, the main center of gravity of Shanghai copper fell slightly, and once again moved closer to the lower Bollinger rail, directly under pressure on the 5-day moving average, KDJ opened downward, waiting for external guidance, paying attention to the short position increase, testing whether the low of the main force of Shanghai copper can hold the 48,700 yuan / ton line
.
