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    Home > Chemicals Industry > New Chemical Materials > Copper prices further steadily explored the market trading performance was light

    Copper prices further steadily explored the market trading performance was light

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    On Thursday, the main 1907 contract of Shanghai copper opened at 47800 yuan / ton in the morning, and then the center of gravity of the disk was around 47770 yuan / ton, and fluctuated between
    47730-47810 yuan / ton.
    Subsequently, the bears reduced their positions, and the center of gravity of the disk moved up to 47810 yuan / ton in a narrow range
    .
    In the afternoon, copper prices further steadily rose to the intraday high of 47880 tons / yuan, due to lack of confidence, the high was difficult to hold, and then fell to a low of 47740 yuan / ton, closing at 47790 yuan / ton, up 190 yuan / ton, or 0.
    4%.

    Copper prices

    In terms of external trading, Asian market, London copper opened low at 6083 US dollars / ton in the morning, the opening basically around the daily moving average to do a narrow range, and then the center of gravity moved slightly down to around 6072 US dollars / ton, testing down 6067.
    5 US dollars / ton, copper prices rose in the afternoon, the performance was under pressure at 6086 US dollars / ton
    。 Entering the European market, due to the current macro tension has eased, and the dollar performance has weakened, giving copper prices a certain upward momentum, the beginning of the copper price performance slowly rose, then, bulls took the opportunity to enter the market, copper price gains expanded, quickly tested to a high of 6123 US dollars / ton, as of 17:00, London copper reported 6118 US dollars / ton
    .

    In terms of the market, the performance of the non-ferrous sector rose red during the day, and Shanghai copper rose slightly to 47,700 yuan / ton
    .
    At the beginning of the market, the holder intends to raise the price, the quotation is in the premium 40 ~ 120 yuan / ton, but the market reception atmosphere is not positive enough, some holders no longer insist on actively relaxing the price, good copper quotation reduced to 100 ~ 110 yuan / ton, traders can receive goods as low as 90 yuan / ton, flat water copper price at 30 yuan / ton, only individual traders for ISA and other brands to lower the level of quotation, downstream performance is not as good as the previous two days, wet copper due to the lack of supply to maintain a stable discount of 30 ~ discount 10 yuan

    Copper futures rose, the market performance was cautious, but most of the holders still showed obvious willingness to raise prices, and the market highlighted the stalemate pattern
    .
    Whether we can break the seller's pricing discourse, we need to pay attention to the follow-up copper supply change guidance and pay attention to the entry of imported copper
    .
    In the afternoon, the market transaction performance was light, and the market supply was sufficient, and the willingness of holders to sell goods for cash increased, so the quotation
    was slightly reduced.

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