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    Home > Chemicals Industry > New Chemical Materials > July 27 Shanghai copper brief commentary

    July 27 Shanghai copper brief commentary

    • Last Update: 2022-12-11
    • Source: Internet
    • Author: User
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    Today's morning Shanghai copper main 1809 contract opened at 50110 yuan / ton, the beginning of the session along the 50,000 US dollars / ton first-line oscillation operation, the amplitude of about
    150 yuan / ton.
    Entering the second trading session, bulls repeatedly entered and exited, copper prices fluctuated along the daily moving average, the amplitude expanded to about 300 yuan / ton, the period was as low as 49830 yuan / ton, as high as 50130 yuan / ton, and closed at 49910 yuan / ton, up 710 yuan / ton
    .
    It is worth noting that the contract position in the month fell by more than 100,000 lots
    .
    The strike at Escondida, Chile's largest copper mine, is approaching the final negotiating day, and although the company has raised workers' wages to avoid a strike, the market's concerns about a short-term copper supply tightening have begun to show signs and provide some support
    for the rebound in copper prices.

    Shanghai copper

    South Reserve East China: average price of electrolytic copper: 49870 yuan, down 40; Liter discount quotation: -100 to -70 yuan, down 15
    .
    In East China, the supply of imported goods continued to increase, but the lower discount also weakened the willingness of holders to ship, and tried to narrow the discount quotation in the morning, but the transaction was difficult, good copper, flat water copper discount was adjusted to -70, -100, traders and downstream willingness to receive goods improved, the transaction began to improve, and the overall market performance was not active
    .
    Today's premium copper mainstream trading pair futures contract discount of 60-70 yuan, flat water copper discount 90-100 yuan, wet copper discount 140-150 yuan
    .

    South China: The average spot price of electrolytic copper was 50,010 yuan / ton, down 40 yuan / ton; Liter discount quotation, 40 to 60 yuan, down 15
    .
    In Guangdong, near the weekend and the end of the month, the enthusiasm of cargo holders to ship is low, and the receivers continue to be bearish after the market premium, unwilling to receive goods at a high price, so that the premium continues to decline
    .
    In addition, the early import window is open and wet copper flows into the market, and low-priced wet copper is favored
    .
    Overall, today's transaction is average, and wet copper trading is relatively active
    .
    Today's premium copper mainstream trading pair futures contract premium 50-60 yuan / ton, flat water copper premium 30-50 yuan / ton, wet copper discount 20 yuan
    .

    Yesterday evening, London copper rose sharply, boosting the Shanghai copper night gap high, today's Shanghai copper jumped to the 20-day moving average, a single-day increase of about
    1.
    4%.
    From a technical point of view, KDJ tends to expand upward, MACD red column becomes longer, and the 50,000 yuan / ton mark can be effectively broken through
    at night.
    Pay attention to the external market trend in the evening, the US new home sales data for June and the weekly EIA crude oil and gasoline inventory changes
    .

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