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    Home > Chemicals Industry > New Chemical Materials > February 6 copper market morning review

    February 6 copper market morning review

    • Last Update: 2022-12-04
    • Source: Internet
    • Author: User
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    Overnight, London copper opened at $5910/ton
    .
    Asian market early London copper stopped near the opening price, recorded a high of 5912.
    5 US dollars / ton, and then in the domestic black series led the decline dragged down, copper prices plunged sharply, as low as 5800 US dollars / ton, with a small number of short profits outflow, copper prices smoothly run near the daily moving average, in the evening with the US non-farm payrolls data significantly better than expected, copper prices fell the daily average and touched a low of 5755 US dollars / ton, closing at 5765.
    5 US dollars / ton, down 141 US dollars / ton, The trading volume increased by 7326 lots to 19565 lots, and the position increased by 744 lots to 332171 lots
    .
    With the weak recovery of the domestic copper market after the holiday, London copper was affected by the sharp decline, closed the big black line, and tested the Bollinger Road mid-rail support below, and it is expected to operate in the range of 5730~5820 US dollars / ton
    today.

    Copper City

    Overnight, the Shanghai copper 1703 contract opened at 46810 yuan / ton
    .
    After the opening, the copper price extended the daily moving average oscillation, the center of gravity was slightly lowered, the high touched 46980 yuan / ton, with the London copper diving Shanghai copper short attack, copper price fell to a low of 46310 yuan / ton, closed at 46340 yuan / ton, down 580 yuan / ton, the volume decreased 51206 hands to 68640 hands, and the position increased 516 hands to 153664 lots
    .
    Overnight, Shanghai copper broke downward, broke through the 20, 40-day moving average to close the small black line, and Shanghai copper is expected to maintain weak operation under the influence of tight capital after the domestic holiday, and it is expected that today's operating range is 46200~46800 yuan / ton
    .

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