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    Home > Chemicals Industry > New Chemical Materials > March 22 Shanghai copper afternoon review

    March 22 Shanghai copper afternoon review

    • Last Update: 2022-12-09
    • Source: Internet
    • Author: User
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    Overnight, the main force of Shanghai copper 1805 opened at 50450 yuan / ton, once rebounded to a high of 51300 yuan / ton, closed at 51210 yuan / ton, and the Shanghai copper index position reached 897,000 lots
    .
    In the early stage of frequent suppression of bears, dominance, bulls actively entered the counterattack, Shanghai copper index position approached 900,000 hands, the game between the two sides intensified, if China's economic data remains strong, the global macro bearish relief, copper prices are expected to usher in a bottoming rebound
    .

    Shanghai copper

    The operating rate of copper rods and copper pipes is expected to rebound in March, and demand will really start after the two sessions, and inventories are expected to
    decline.
    On the whole, when there is a lack of significant contradictions between supply and demand, the macro drive is expected to dominate, so the weakening of the US dollar may boost copper prices, so it is recommended that Shanghai copper can test long
    positions lightly.
    At the same time, the spot discount continues to narrow, and the positive set position of Shanghai copper can continue to be held
    .

    Due to the external market to push up, Shanghai copper night trading slightly followed, heavy 51,000 yuan support, because the current peak season demand has not yet started, copper prices are still weak and cautious, technical pressure gradually accumulated, it is expected that Shanghai copper in the short term or maintain weak operation
    .

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