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    Home > Chemicals Industry > New Chemical Materials > July 11 copper market morning review

    July 11 copper market morning review

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
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    On Friday, the copper market fluctuated and sorted, London copper opened at 4702 US dollars / ton, during the Asian session, London copper volatility fell to 4682 US dollars / ton, and then the low level rebounded, returning to the daily moving average above the shock finishing; Entering the European session, London copper rose slightly, touching 4714 US dollars / ton at the intraday high, falling under pressure at the 40-day line, and then rushing back down again, overnight by the United States non-farm payrolls have improved sharply, market optimism has risen, copper prices climbed straight up to touch 4737 US dollars / ton, and then the high fell, and finally closed at 4689.
    5 US dollars / ton, up 2.
    5 yuan / ton
    from the previous closing price.
    On Friday, London copper rushed back down, the non-farm payrolls data exceeded expectations, the dollar short-term trend is strong to suppress metals, is expected to fluctuate
    in the range of $4670 / ton to $4720 / ton today.

    Copper City

    Last Friday night, the Shanghai copper 1609 contract opened higher at 36800 yuan / ton, after the opening copper price was suppressed by bears to test as low as 36540 yuan / ton, and then the low rose to recover the decline, and fell again at the end of the day
    .
    Finally, Shanghai copper closed at 36570 yuan / ton, down 110 yuan / ton
    .
    Overnight Shanghai copper opened high and low, standing above the 20-day moving average, it is difficult to reverse the decline in the short term, and it is expected that Shanghai copper will run
    within 36400 yuan / ton to 36750 yuan / ton today.

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