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On Thursday, the main copper contract 2001 opened at 46,970 yuan / ton in the morning, opened at 47,040 yuan / ton and immediately fell to 46,950 yuan / ton, and then continued to rise, and the center of gravity remained stable around 47,000 yuan / ton until the end of midday; The center of gravity moved slightly up in the afternoon, maintaining stability around 47030 yuan / ton, and closing at 47030 yuan / ton, down 10 yuan / ton, or 0.
02%.
The main Shanghai copper contract increased its daily position by 7,566 lots to 202,000 lots, and the trading volume increased by 1,658 lots to 119,000 lots
.
In terms of external disk, Apanlon copper opened high at 5838 US dollars / ton, Yapan Lun copper basically maintained a range shock pattern, after testing 5837 US dollars / ton in the morning, the center of gravity remained stable around 5850 US dollars / ton to do a narrow movement with an amplitude of no more than 25 US dollars / ton, as the market waited for further progress
in China and the United States in the evening.
Then entered the European market, basically maintained the morning volatility pattern at the beginning of the session, until the afternoon, due to the positive comments on trade, copper prices soared to a high of $5875.
5 / ton
.
As of 17:30, London copper closed at $5869 / ton, up 0.
63%, and the dollar index was at 98.
351
.
In terms of the market, Shanghai copper broke 47,000 yuan / ton and lost all moving averages, and spot market traders continued yesterday's strong push to the premium
.
The morning market premium quotation is high at 150 yuan - 170 yuan / ton, the actual concentrated transaction in flat water copper premium 130 ~ 140 yuan / ton, good copper premium 150 ~ 160 yuan / ton, traders are active in inquiry, but under the premise of no further price reduction, the willingness to trade has declined, and the willingness of holders to exchange high premium for cash has been strengthened
.
Some downstream bargain hunting continued to replenish, so that wet copper concentrated at 70 ~ 80 yuan / ton
.
Copper fell downstream consumer enterprises slightly improved on the dip, value-preserving traders in the context of the market pullback spot high premium willingness to cash intensified, tomorrow's last trading day of the current month contract, the next month price spread narrowed to 50 yuan / ton line, to a certain extent inhibited the current spot premium upside
.
In the afternoon, the price of the market was higher, so it suppressed some of the market's enthusiasm, and the high premium in the morning also made the market buying performance stagnant, so the holders slightly lowered their quotations, but the space was limited
.
The overall fluctuation range of the intraday plate remained at about 60 yuan, and the center of gravity remained around 47,000 yuan / ton, mainly due to the release of domestic industrial added value data in October was less than expected, superimposed on the uncertainty of the trade outlook is still large, the market risk aversion is heating up, CMX gold price rose three yang back to the 1470 US dollars / ounce mark, Shanghai copper rushed high lack of momentum
.
