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    Home > Chemicals Industry > New Chemical Materials > February 13 copper market morning review

    February 13 copper market morning review

    • Last Update: 2022-12-04
    • Source: Internet
    • Author: User
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    Overnight, the domestic copper market opened high in the morning, and the main 1704 contract of Shanghai copper opened at 47800 yuan / ton
    .
    The copper price soared all the way to 49,650 yuan / ton, and closed at 49,500 yuan / ton after the high consolidation, up 1930 yuan / ton, the trading volume increased by 79,724 lots to 293576 lots, and the position increased by 41,514 hands to 219496 lots
    .
    Overnight Shanghai copper bulls are menacing, closing long Yang line, and the upper shadow is short, it is expected to remain high in the short term, and it is expected to run at 48300~49800 yuan / ton
    today.

    Copper City

    Overnight, London copper opened at 5837.
    5 US dollars / ton
    .
    Copper prices around the daily average during the Asian session around the daily moving average narrow range, with China's January foreign trade data much better than expected, London copper's center of gravity slightly raised, in the afternoon Xinjiang government proposed 1.
    5 trillion on the fixed investment target, black series caught the positive signal after soaring, iron ore and so on once touched the price limit, driving non-ferrous metals to rise across the board, London copper straight up, around 5900 US dollars / ton for temporary adjustment; During the European session, the IEA monthly report announced that the implementation rate of OPEC countries' production cuts reached 90%, setting a record record, crude oil soared to 53.
    5 US dollars / barrel, London copper accelerated upward, touched the previous high and then under pressure back below the daily moving average, the evening free port said that it has not reached an agreement with the Indonesian government on the license, Chilean copper strike news continues to ferment, London copper low recovery continues to break through the previous resistance climbed to the highest level of 6091 US dollars / ton in a year and a half, the end of the high consolidation, closed at 6087.
    5 US dollars / ton, Up $239.
    5/ton
    .

    Overnight London copper ladder up, although there is a pullback, but copper mine supply blocked, China's demand and the United States tax reduction stimulus policy many parties to drive copper prices to a new high, considering the current start of the strike, supply news continues to be positive, it is expected that today London copper remains high, operating range of 5950 ~ 6100 US dollars / ton
    .

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