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    Home > Chemicals Industry > New Chemical Materials > Economic data continues to improve, and Shanghai copper fluctuates at a high level

    Economic data continues to improve, and Shanghai copper fluctuates at a high level

    • Last Update: 2022-12-06
    • Source: Internet
    • Author: User
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    On Monday, the price of Shanghai copper main force 1708 after the opening fell slightly to 47250 yuan, after which the price fluctuated in a narrow range at the bottom, and in the afternoon, the price continued to rise under the drive of black, once rebounding to a high of 47540 yuan, closing at 47500 yuan, up 60 yuan, or 0.
    13%, and the index position increased by 726 lots to 618,000 lots
    .

    Shanghai copper

    In terms of external trading, LME copper opened low at $5946 in March, the price fell back to $5927 after the open, and the price rebounded in the afternoon, once hitting $5957 before the Asian market closed, and the Asian market closed at $5954.
    5, down $4.
    5, or -0.
    08%.

    In terms of the market, the market trading in the mainstream trading session in the morning continued to remain general, and the holders quoted positively, but the bullish future market, the performance of the sale made the current copper discount strong, the overall confidence recovery downstream was more general, the inquiry was less, and the source of low-priced flat water copper was more sought within the day, mainly purchasing on demand, and the transaction was average
    .
    Among them, good copper C90-C80 yuan / ton, flat water copper C130-C120 yuan / ton, wet copper C160-C150 yuan / ton
    .

    In terms of news, following the sharp recovery of the official manufacturing PMI in the United States in June, China's Caixin manufacturing PMI in June also returned to above the boom and bust line, far better than expected and the previous value
    .
    In addition, many central banks have successively released tightening signals, which have also passively suppressed the performance of the US dollar and supported the rebound
    of copper prices.
    At present, China's economic performance is relatively optimistic, and the copper market will remain strong due to continued tight supply
    .

    From the perspective of the futures plate, Shanghai copper continues to soar today, 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
    .

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