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    Home > Chemicals Industry > New Chemical Materials > March 21 Copper Market Brief Review

    March 21 Copper Market Brief Review

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    Copper market review: On Wednesday, the Shanghai copper 1905 contract basically fluctuated at 49250 yuan / ton before the afternoon, opened at 49200 yuan / ton in the morning, the center of gravity moved slightly up to around 49250 yuan / ton after the opening, and then basically maintained stability and shock, during the short-term down to 49180 yuan / ton, in the afternoon guided by the external disk, copper prices in the short line to test 49290 yuan / ton after a rapid fall, after a narrow range around 49210 yuan / ton, short positions closed, the end of the session performance all the way up to the higher, closing at 49330 yuan / ton / tons
    .
    Up 150 tons, or 0.
    31%.

    Copper City

    South Reserve East China: The average price of electrolytic copper is 50,090 yuan, up 70, and the monthly premium quotation: 890 to 1100, up 35
    .
    East China: The effect of tax cuts continued, early holders held up prices to ship, but the market was cautious and wait-and-see, after the second quarter, holders slightly reduced prices and shipments, good copper premium water is still firm, flat water copper rise water adjustment is faster, low-price sources attract buyers to receive goods, downstream receipt enthusiasm is slightly reduced, transaction performance is not as good as the previous day
    .
    At the close, the premium copper premium to the futures contract of the month was 1050-1100 yuan, up 10 yuan from yesterday; flat water copper premium 880-890 yuan, up 20; Wet copper premium 780-800 yuan, up 5
    .

    South China Reserve: The average price of electrolytic copper was 49,910 yuan, up 100, and the monthly premium quotation: 780 to 850, up 65
    .
    Guangdong: After yesterday's receiving sentiment improved, the shipper's quotation became more and more firm, the mainstream of flat water copper in the morning reported +800 yuan / ton, a sharp premium of about 80-100 yuan / ton from the previous day, there was a small number of transactions, mainly from the demand for some receipt and delivery of long orders, but the overall hesitation
    .
    After Pingshui copper continued to be pressed by traders to around +780 yuan / ton, it was difficult to fall, and the transaction began to increase
    .
    During the second session, the willingness to receive goods was still good, and at this time it was difficult to find a low-priced source, and the flat water copper premium rose again, +800 yuan / ton transaction
    .
    There are few quotations
    for good copper.
    Overall, the tax differential income makes shippers reluctant to sell, while merchants' willingness to receive goods has rebounded, and spot trading performance is acceptable
    .

    During the day, Shanghai copper was the only category in the nonferrous metal sector that showed capital outflow, with a capital outflow of 118 million
    .
    The Shanghai copper closing negative entity rose above the 5-day and 10-day moving averages, and the MACD indicator green column continued to narrow, paying attention to waiting for external guidance, testing whether the main force of Shanghai copper could test whether it could stand firm in the middle of the Bollinger curve at 49380 yuan / ton
    .

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