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February 29 Copper Market Morning Review

 Last Update: 2022-11-29
 Source: Internet
 Author: User

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copper state metals

copper block

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On Friday, the copper market fluctuated and sorted, London copper opened at 4612.
00 US dollars / ton, the Asian session has been fluctuating around the daily moving average, European and American sessions affected by the sharp rise in European stocks, London copper all the way up, high touched 4771.
00 US dollars / ton, and then affected by the decline of US stocks, London copper rushed back down, the end of the day continued to oscillate around the daily moving average shock finishing, at 4691.
50 US dollars / ton to close the sun
.

Copper City

On Friday, the Shanghai copper 1604 contract opened at 36190 yuan / ton, boosted by the rise in crude oil and London copper after the open, the price of Shanghai copper went all the way, running above the daily moving average, touching 36570 yuan / ton
.
However, after the big rise, the bulls took profits and left the market, the market confidence was insufficient, copper prices plunged sharply, fell below the 36,000 yuan / ton integer mark, touched 35,880 yuan / ton, and finally closed at 36,120 yuan / ton
.

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