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    Home > Chemicals Industry > New Chemical Materials > Copper prices rushed back down waiting for external guidance

    Copper prices rushed back down waiting for external guidance

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
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    On Tuesday, the main 1812 contract of Shanghai copper opened at 49740 yuan / ton in the morning, and the copper price at the beginning of the session was sorted out in a wide range of 49700 yuan / ton, during which it was repeatedly touched at 49620 yuan / ton were strongly supported, before the afternoon of the Asian market, the bulls entered the market with a low price, and the short profit exited, and the copper price fluctuated
    upward 。 In the afternoon, copper prices quickly climbed 49890 yuan / ton blocked, again up 49880 yuan / ton failed, London copper weakened, Shanghai copper bulls took a high profit exit, short positions entered, copper prices slowly oscillated downward, the end of the day along the 49690 yuan / ton narrow range, closed at 49700 yuan / ton, down 200 yuan / ton, down 0.
    4%.

    Copper prices

    In terms of the external market, the morning market London copper opened at 6127 US dollars / ton, London copper around the daily moving average performance first down and then up, the morning during the first trading session more pressure on the daily moving average, narrow fluctuations of only 5 US dollars / ton, the second trading session, London copper slowly rose above the daily moving average, until the afternoon more standing above the daily moving average, relying on 6140 US dollars, up test 6150 US dollars, blocked 6155.
    5 US dollars / ton, the afternoon dollar rebounded, bears took the opportunity to carry positions into the market, copper prices fell back to the daily moving average, giving up all the recovery in the Asian session, The center of gravity gradually shifted downward, touching a lower of $6103.
    5 / ton
    during the period.

    In terms of the market, Shanghai copper is under pressure on the daily moving average, and the copper price shock is weak, around 49600 yuan / ton first-line shock sorting
    .
    Copper in the morning period is still low, the market receiving sentiment is low, the holder's quotation discount of 90 ~ 50 yuan / ton has been expanded all the way to the discount of 110 ~ 80 yuan / ton, after the discount is expanded, it attracts traders to enter the market to receive a large number of goods, and the transaction has improved
    .
    In the second trading stage, the low level of copper futures rebounded, buying influx, quotations rose instantaneously, and quickly climbed, holders narrowed the discount, market inquiries were positive, the quotation quickly rose to flat water copper discount 80 ~ 70 yuan / ton, good copper discount 50 yuan / ton nearby, wet copper self-discount 210 ~ 200 yuan / ton narrowed self-discount 190 ~ 180 yuan / ton, downstream performance bargain replenishment
    .
    After eleven o'clock, the holders' willingness to raise the price was strongly quoted to the discount of 60~30 yuan / ton, but the transaction performance was suppressed, and the unilateral price increase of the holders was obvious
    .
    Intraday transactions are dominated by traders, the atmosphere of bargain hunting has improved compared with yesterday, the holders unilaterally further raise the price, the willingness to raise the price is super strong, although the market traders have a warm inquiry atmosphere, but in addition to the cheap quotation There is still a possibility of transaction, with the firmness of the quotation, the transaction is significantly
    suppressed.

    During the day, the main center of gravity of Shanghai copper was raised to near the middle rail of the Bollinger track, directly under pressure on the 20-day moving average, and the KDJ opening tended to be horizontal, paying attention to the performance of long and short positions, paying attention to the performance of copper prices on the Bollinger track, waiting for external guidance, testing whether the center of gravity of Shanghai copper can continue to hold 49890 yuan / ton
    .

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