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    Home > Chemicals Industry > New Chemical Materials > March 13 Shanghai copper morning review

    March 13 Shanghai copper morning review

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    Thursday's Shanghai copper main contract 2005 morning gap opened low at 43760 yuan / ton, then fell to 43180 yuan / ton, reaching the lowest point of the day, and then quickly rebounded back above the daily moving average, but the high momentum was insufficient, and fell back to the daily average below the run, the afternoon plate continued to continue the decline, until the close are running below the daily moving average, the center of gravity remained stable at 43450 yuan / ton, and the end of the session closed at 43450 yuan / ton, down 1100 yuan / ton, down 2.
    47

    Shanghai copper

    According to the Ministry of Industry and Information Technology, the risk of oversmelting in the copper industry will intensify in 2020, and consumption needs to be expanded urgently, and the disorderly expansion of copper smelting capacity will be strictly controlled; According to data from the Passenger Association of China, China's narrow passenger car market sales in February fell 78.
    7% year-on-year and 85.
    4% month-on-month, car sales fell significantly, and spot copper prices may fall
    .

    Shanghai copper continued to jump sharply during the day, as affected by the epidemic the United States, the United Kingdom, Canada and other countries have suddenly cut interest rates to save their economic impact, the United Kingdom, Italy and Australia announced emergency measures, but this move investors do not seem to buy, foreign governments in the face of the epidemic slow response continues to aggravate market panic, Shanghai copper under pressure continued to fall
    .

    At present, the low level of Shanghai copper has reached a low of 43180 yuan / ton, KDJ indicator opening has expanded, technical pressure, it is expected that in the case of foreign epidemic has not improved, copper prices are difficult to rise, continue to test whether Shanghai copper can hold the 43,000 yuan / ton mark
    .

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