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June 22 Shanghai copper afternoon review

 Last Update: 2022-12-18
 Source: Internet
 Author: User

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On Friday, London copper rushed back down and once rose more than 1% before falling back slightly higher, basically flat at $5814.
5 today, Shanghai copper opened high and low at a new high at night, and then fell back to close the midfield, closing above the 5-day moving average at 47380
.
Shanghai copper trading rose and held stable positions, the high market is more cautious, and the short-term may continue to fluctuate
at a high around 48,000.
The recent rally is mainly driven by the decline in the external market and the US dollar, the domestic spot end has turned cold, and the pressure above Shanghai copper has increased, and it is appropriate
to operate cautiously in the future.
Upper pressure 48000, lower support 45000
.

Shanghai copper

Today's Shanghai electrolytic copper spot contract reported a premium of 170 yuan / ton ~ 200 yuan / ton, flat water copper trading price of 47860 yuan / ton ~ 47930 yuan / ton, and premium copper trading price of 47870 yuan / ton ~ 47940 yuan / ton
.
Shanghai copper rose strongly, rising to 47,700 yuan / ton today, an increase of more than 400 yuan / ton
.

Market spot continued to hold stable quotations on Friday, flat water copper premium 180 ~ 190 yuan / ton, flat water copper low price premium 170 yuan / ton continue to be favored by the market, but the low price supply is small, most of them rely on the price of transactions, good copper premium 180 ~ 200 yuan / ton, flat water copper transaction enthusiasm is better than good copper, wet copper quotation in the premium of 130 yuan / ton
.
The rise in copper plate intensified, almost 48,000 yuan / ton, downstream fear of heights to keep on the sidelines, no active buying, holders of quotations also unchanged, some traders have low prices, but the pressurable space is limited, supply and demand sides are obvious
.

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