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    Home > Chemicals Industry > New Chemical Materials > January 12 Shanghai copper morning review

    January 12 Shanghai copper morning review

    • Last Update: 2022-12-04
    • Source: Internet
    • Author: User
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    Overnight, the Shanghai copper 1703 contract opened at 46950 yuan / ton
    .
    After the opening of the short short-term entry, with the long position increase, copper prices near the daily moving average oscillated stronger, touching 47200 yuan / ton, as the external market gradually moved down, Shanghai copper bulls also closed their positions to hedge, the low 46750 yuan / ton, closed at 46840 yuan / ton, down 110 yuan / ton, the position increased 572 hands to 226440 hands
    .
    Overnight Shanghai copper first rose and then declined, oscillating above all moving average groups, and it is expected that today's operating range is 46200~47000 yuan / ton
    .

    Shanghai copper

    In terms of market: on January 11, Shanghai electrolytic copper spot traded at a discount of 10 yuan / ton - 80 yuan / ton for the monthly contract, and the trading price of flat water copper was 46600-46840 yuan / ton
    .
    Shanghai copper price difference is still maintained at more than 100 yuan / ton, speculators continue to enter the market to receive goods, favor premium copper, premium copper premium is further pushed up, but the space is relatively limited, the quotation premium of more than 80 yuan / ton transaction is more weak, flat water copper favor is low, maintain yesterday's quotation level, some warehouse receipts outflow, downstream demand-based, market transaction shrinkage, fear of heights
    .

    Inventories: As of January 6, Shanghai copper stocks in the previous period reported 171561 tons, a weekly increase of 24,963 tons, a sharp climb for two consecutive weeks, and hit a new high since September 2 last year, indicating that short-term domestic inventory pressure has further increased
    .

    Overnight, the main oscillation of Shanghai copper fell slightly to 46840 yuan / ton, and the oscillation stabilized above the moving average group, increasing long chips
    .
    It is recommended that the Shanghai copper 1703 contract can be backed above 46,000 yuan to bargain for a long time, with an entry reference of around 46,600 yuan, and a target of 47,500 yuan / ton
    .

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