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On Monday, the main 1810 contract of Shanghai copper opened at 49650 yuan / ton, a large number of bulls left the market at the beginning of the session, and after the copper price fell to the low of 49530 yuan / ton, the low rebounded, running along the 49580 yuan / ton line
.
At noon, bulls increased their positions, the center of gravity of copper prices rose to 49640 yuan / ton, bulls followed the trend to cover positions, copper prices continued to fluctuate upward, touching 49820 yuan / ton, short and more out of the market at the end of the session, slightly down, closing at 49730 yuan / ton, down 100 yuan / ton
.
In terms of external trading, London copper opened at 6149.
5 US dollars / ton, the US dollar continued to rise, after the opening of London copper shock downward to 6114 US dollars / ton, low rebound, long positions, copper prices upward touched 6165 US dollars / ton, blocked at the 6200 US dollars / ton integer mark
.
In the afternoon, the dollar rushed above 96.
5, refreshing a new high in nearly a year, base metals were under pressure, copper prices gave up all their gains, to the intraday low of $6101.
5 / ton, the $6100 mark was still supported to recover slightly, as of 18:25, London copper was at $6120 / ton
.
In terms of the market, Shanghai copper around 49500 yuan / ton narrow range oscillation, morning market holders at the premium 50 ~ 80 yuan / ton, market inquiry positive, but the transaction hesitant, the holder took the initiative to adjust the price of good copper premium 60 ~ 70 yuan / ton, flat water copper general quotation premium 40 yuan / ton, large traders low price receipt, the target is directly pointed to flat water copper premium 30 yuan / ton, wet copper closely followed the market quotation flat water ~ premium 20 yuan / ton, can be pressed to discount 10 yuan / ton into the goods, downstream to maintain just demand
。 The price difference narrowed to around 40 yuan / ton in the next month, and the holders were reluctant to reduce the price too much, mainly because there was no concentrated arrival over the weekend, and the major holders did not have much inventory in their hands, resulting in a firm spot premium, and the futures plate was temporarily difficult to get rid of the range shock pattern, and the supply and demand sides were in a stalemate
.
Intraday traders accounted for more transactions, mostly receiving goods and replenishing stock
.
At present, macro factors interfere frequently, continue to be short, and the stacking of the US dollar is not conducive to the rebound of copper prices; On Friday, domestic copper stocks fell by 20,000 tons to 170,000 tons, while LME copper stocks have increased slightly in recent days, suggesting that copper imports are blocked, and the news of the Chilean copper mine strike slightly supported prices, and Shanghai copper is expected to fluctuate
.
