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    Home > Chemicals Industry > New Chemical Materials > March 7 Shanghai copper afternoon review

    March 7 Shanghai copper afternoon review

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    Overnight Shanghai copper 1905 contract opened at 49450 yuan / ton, after the opening the price quickly tested to 49630 yuan / ton, then near this position narrow range, then high performance failed to stabilize, copper prices fell back to the daily average below the 49470 yuan / ton position, after the narrow range of shock adjustment, the center of gravity upward test the daily average did not get support, the end of the session fell again, the end of the session low 49350 yuan / ton, close 49390 yuan / ton
    .

    Shanghai copper

    The market has recently gradually digested the tax reduction policy announced during the domestic two sessions, and it is expected that the short-term copper price performance range will remain stable, but it is still necessary to pay attention to the specific operation time
    .
    It is understood that at present, the market consumption after the holiday has not improved much, and the overall performance is still in the seasonal off-season, so it is difficult to see the support
    of consumption on prices in the short term.

    In terms of spot, the current 1903-1904 contract has expanded to about 200 yuan / ton, according to the recent sell-off of holders, today's spread widening is expected to continue to guide the spot quotation
    downward.
    It is expected that today's Shanghai copper 49300-49700 yuan / ton, spot discount 80-liter 40 yuan / ton
    .

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