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    Home > Chemicals Industry > New Chemical Materials > July 10 Shanghai copper brief commentary

    July 10 Shanghai copper brief commentary

    • Last Update: 2022-12-11
    • Source: Internet
    • Author: User
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    Today's Shanghai copper main 1809 contract opened high at 50,000 yuan / ton in the morning, and the bulls left the market with a profit at the beginning of the session, and the center of gravity of copper prices fell slightly, to 48,500 yuan / ton A line of shock operation, with an amplitude of about
    160 yuan / ton.
    In the afternoon, dragged down by the external market, copper prices continued to fall to Monday's opening price of 49580 yuan / ton
    .
    Subsequently, the bulls bought a small number of dips, and by the end of the day, copper prices recovered slightly, closing at 49,760 yuan / ton, up 220 yuan / ton
    .
    The position increased by 6,764 lots to 189,000 lots, and the transaction volume decreased by 76,000 lots to 210,000 lots
    .
    Today's copper price trend is cautious, and has not yet broken through the 5-day moving average
    .
    The initiative of multi-party intervention is weak, the short side has the upper hand slightly, and the market tension has not completely faded
    .

    Shanghai copper

    South Reserve East China: the average spot price of electrolytic copper was 49,630 yuan / ton, up 70 yuan / ton; Liter discount quotes, -30 to 10 yuan, down 5
    .
    In East China, Shanghai copper is running weakly in the morning, there is a cautious wait-and-see mentality downstream, and shippers are actively cashing, some traders take advantage of the low purchase of good copper, but the demand is limited, the overall transaction is general, the premium fell back within the day, and the flat water copper discount was further expanded
    compared with yesterday.
    Today's premium copper mainstream trading pair futures contract premium 0-10 yuan, flat water copper discount 30-40 yuan, wet copper discount 90 yuan
    .

    South China Reserve: The average spot price of electrolytic copper was 49,800 yuan / ton, up 40 yuan / ton; Liter discount quotes, 150 to 170 yuan, down 30
    .
    In Guangdong, inventories continued to fall, and early holders still wanted to raise prices and shipments, but under the drag of some traders taking the initiative to cut prices, intraday premiums continued to decline
    .
    However, after the return of premiums, the enthusiasm for downstream procurement is still not high; In particular, the demand for good copper is weaker, and the price of good copper in the morning was once the same as the price of flat water copper, and overall today's trading is relatively quiet
    .
    The premium copper mainstream trading pair futures contract premium is 150-160 yuan / ton, and the flat water copper premium is 140-150 yuan / ton
    .

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