 Home > Chemicals Industry > New Chemical Materials > January 8 Shanghai copper afternoon review

January 8 Shanghai copper afternoon review

 Last Update: 2022-12-17
 Source: Internet
 Author: User

Tags

high performance battery

copper gold color

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

The overnight Shanghai copper 2003 contract closed at 48,770 yuan / ton, down 0.
23%, with a volume of 32,000 lots, and short positions increased by 1,680 lots to 121,000 lots
.
The news of the short-term war continues, and copper prices have been greatly affected, and it is recommended that it is not suitable to dig the bottom for the
time being.
Shanghai copper upper pressure 49500, lower support 48000
.

Shanghai copper

Last night, copper prices inside and outside the market first fell and then rose, and the pound sterling and the euro fell under the pressure of Brexit uncertainty and economic downturn, and the strengthening of the US index put pressure on copper prices; Subsequently, due to the poor performance of durable goods orders and factory orders in November announced by the United States, the US index fell at a high level, driving copper prices to recover their previous decline
.
This morning, there was news that the Assad US military base suffered air strikes, which may be Iranian retaliation, the escalation of the situation in the Middle East once again triggered a rise in market risk aversion, gold short-term rally above $1590, is expected to have a strong bearish
for today's copper prices.

At present, Shanghai copper closed negative, the lower broken Bollinger middle rail support, MACD green column amplified, and the technical picture continued to weaken
.
In terms of spot, the market has gradually weakened yesterday, trading is slightly deadlocked, and it is expected that today's stalemate pattern will remain unchanged
.
It is expected that today's Shanghai copper 48600-49000 yuan / ton, spot premium 50-liter 80 yuan / ton
.

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

Related Products

High Quality Polar Solvent 99.99% Ethylene carbonate/Ethylencarbonat/ EC CAS 96-49-1

CAS No.: 96-49-1

Pharmacy Grade

$1-1.2/MT FOB

Slip Agent Oleamide with 98% purity CAS 301-02-0 oleamid slip aging

CAS No.: 301-02-0

Pharmacy Grade

$1-1.2/MT FOB

Fluorescent Brightener ER-1 C.I. 199

CAS No.: 13001-40-6

Industrial Grade

$52.86/KG EXW

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

announcements today(81)

80 20 company(94)

united states logo(227)

ups united states(221)

healthy food name(42)

Hot Articles

The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.