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    Home > Chemicals Industry > New Chemical Materials > June 28 Shanghai copper brief commentary

    June 28 Shanghai copper brief commentary

    • Last Update: 2022-12-11
    • Source: Internet
    • Author: User
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    Today, Shanghai copper main 1808 contract opened at 51760 yuan / ton, after the opening of some bulls took profits, copper price center of gravity moved down to 51700 yuan / ton around the shock operation, before the close of the morning session, copper prices rose slightly to a high of 51810 yuan / ton, then blocked at the 60-day moving average, copper prices continued to maintain a narrow consolidation, half an hour before the close of the afternoon session, bulls concentrated on reducing positions and leaving the market, copper prices gradually leaked down to a low of 51560 yuan / ton, and finally closed at 51640 yuan / ton, up 60 yuan / ton

    Shanghai copper

    South Reserve East China: the average spot price of electrolytic copper was 51350 yuan / ton, up 70 yuan / ton; Liter discount quotes, -200 to -160 yuan, up 5
    .
    In East China, the market atmosphere at the end of the month became more and more cold, holders lacked the monthly ticket, while downstream enterprises had poor demand for the next month's pass, and the activity of traders was also low, resulting in pressure on the market's enthusiasm for shipment and slightly cold trading
    .
    Today's premium copper mainstream trading pair futures contract discount of 120-130 yuan, flat water copper discount 160-170 yuan, wet copper discount 250 yuan
    .

    South China Reserve: The average spot price of electrolytic copper was 51520 yuan / ton, up 90 yuan / ton; Liter discount quotes, -40 to -10 yuan, up 5
    .
    In Guangdong, the arrival volume at the end of the month decreased but the shipment was acceptable, resulting in a decline in inventory; Moreover, affected by the tight funds at the end of the month, the number of merchants who shipped was limited, and the merchants with quotations generally shipped at a high price, which slightly increased the premium, but there were not many receivers, and the overall trading situation was average
    .
    Today's premium copper mainstream trading discount to futures contract for the month is 10 yuan / ton, flat water copper discount 30-50 yuan / ton
    .

    Today, the trend of Shanghai copper is relatively stable, the pressure at the upper 60-day moving average is still heavy, and it is expected that the copper price around 51500 yuan / ton will continue to fluctuate in
    the short term.
    Watch for US real GDP and jobless claims for the first quarter
    .

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