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    Home > Chemicals Industry > New Chemical Materials > June 20 Shanghai copper brief commentary

    June 20 Shanghai copper brief commentary

    • Last Update: 2022-12-10
    • Source: Internet
    • Author: User
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    Today, the main 1808 contract of Shanghai copper opened at 51700 yuan / ton, the copper price at the beginning of the session hovered around the daily moving average of 51810 yuan / ton, the upper and lower volatility did not exceed 100 yuan / ton, in the afternoon, some bulls increased their positions to enter, pushing up copper prices above the daily moving average, the center of gravity around 51950 yuan / ton narrow consolidation, intraday high to 52040 yuan / ton, closed at 51980 yuan / ton, down 330 yuan / ton, Positions decreased by 176 lots to 191,000, trading volume decreased by 71,054 lots to 216,000 lots, and Shanghai Copper Index positions decreased by 3,934 lots to 661,000 lots
    .
    Today, the decline of Shanghai copper has been suspended, and the overall operation is near the 60-day moving average, and the market panic has eased compared with yesterday, and the evening focus on the US existing home sales data for May
    .

    Shanghai copper

    South Reserve East China: the average spot price of electrolytic copper was 51560 yuan / ton, down 860 yuan / ton; Liter discount quotation, -160 to -130 yuan, up 5
    .
    In East China, after the collapse of copper prices, the downstream purchase volume increased slightly today, but due to the financial shortage of some traders near the end of the month, the enthusiasm for dumping goods decreased significantly, resulting in no significant increase in overall trading volume, and the premium was also flat, not much
    different from yesterday.
    Today's premium copper mainstream trading discount for futures contracts of the month is 120-130 yuan, flat water copper discount is 160-170 yuan, wet copper discount is 220 yuan
    .

    South China: The average spot price of electrolytic copper was 52,690 yuan / ton, down 870 yuan / ton; Liter discount quotes, -40 to -10 yuan, down 20
    .
    In Guangdong, in the morning, some holders wanted to ship at a high price, but high inventory restricted the rise of premiums, coupled with the active shipment of merchants, the intraday premium continued to decline, and the overall trading did not improve, and the premium fell compared with yesterday
    .
    Today's premium copper mainstream trading discount to futures contract discount of 10-20 yuan / ton, flat water copper discount 30-50 yuan / ton
    .

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