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On Thursday, the main force of Shanghai copper 1708 immediately rushed higher after the opening to break through the important resistance to 47520 yuan, and then dipped to 47240 yuan under pressure, and in the afternoon, copper prices rose again to the intraday high near the oscillation, closing at 46920 yuan, up 350 yuan, or 0.
75%, and index positions increased by 53862 lots to 625,000 lots
.
In terms of the external market, LME March copper fluctuated in the morning, followed by the Asian market after the opening to pull up to $5930, then the high shock fell back, narrow range to the end, the price was then pulled up to $5943, the Asian market closing time price closed at $5933, up $54, or 0.
92%.
In terms of the market, the market trading in the morning mainstream trading session continued to remain general, the downstream user inventory was insufficient, and it was forced to replenish the stock slightly before the weekend, but near the end of the month, the high copper price held steady to make the supply and demand situation more obvious, the holder held the price and actively shipped, the discount was further narrowed, because the holder did not plan to adjust the price of shipment, wet copper transaction was acceptable
.
Among them, good copper C100-C90 yuan / ton, flat water copper C130-C120 yuan / ton, wet copper C140-C150 yuan / ton
.
In terms of news, according to market release data, the US economic slowdown in the second quarter and the strong momentum of the euro area economic recovery momentum to form a confrontation, the dollar continued to pullback, the dollar index fell to the low level of Trump's election campaign, in the morning Jinchuan Company announced the copper smelter July overhaul, domestic spot supply is expected to be tight, Peru copper mine strike after turning to July to form a certain support
.
Especially at present, the characteristics of the capital market are obvious, and the black limit during the session has made the copper market crazy
again.
From the perspective of futures plate, Shanghai copper continued to rise during the day, MACD, KDJ gold cross is still the same, the price temporarily returned to the long market, and broke through the pressure at the upper half-year line in one fell swoop, the price is still likely to rush higher after short-term shocks, continue to pay attention to downstream procurement
.
