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On Friday, the main 1811 contract of Shanghai copper opened at 49574 yuan / ton in the morning, and the copper price at the beginning of the session was sorted out in a narrow range of 49545 yuan / ton, entering the second trading session, a large number of long positions entered, and copper prices slowly climbed
.
In the afternoon, copper prices touched 50,020 yuan / ton, breaking through the 50,000 yuan / ton mark, and then gave up some of the gains, closing at 49,740 yuan / ton, up 300 yuan / ton, or 0.
61%.
In terms of external trading, London copper opened at 6141.
5 US dollars / ton, at the beginning of the day London copper along the daily moving average narrow range, during the period down to the intraday low of 6132.
5 US dollars / ton, into the second trading session, London copper slowly climbed, the center of gravity moved up to around
6175 US dollars / ton.
At the end of the Asian session, London copper was blocked
after a slight upside.
Entering the European session, London copper began to rise sharply, touching a height of $6251.
5 / ton, breaking through the $6200 / ton mark in one fell swoop, and then giving up some of its gains
.
As of 18:20, London copper was trading at $6233.
30/ton
.
In terms of the market, Shanghai copper in a narrow range around 50,000 yuan, the last trading day before the Mid-Autumn Festival, holders enthusiastically dumped goods, the morning market quotation premium 160 ~ 200 yuan / ton, but due to the lack of response, the turn of an eye to 140 ~ 180 yuan / ton, but the market fear of heights is strong buying interest is low, good copper can be pressed to about 150 yuan / ton, flat water copper has taken the initiative to adjust the price to 120 yuan / ton, but speculators trading and declining
.
The willingness to enter the market to buy goods before the Mid-Autumn Festival is low, and the downstream maintenance is just needed to buy
.
Holders have abundant supplies and strong willingness to exchange cash, but there are few active buying, and they are all holders who take the initiative to reduce in order to seek transactions, and the market has a strong sentiment of hedging and cash exchange before the holiday
.
The center of gravity of copper prices rose during the day, and the high exceeded the 50,000 yuan / ton mark, and the MACD red energy column continued to enlarge and open an upward channel
.
The central government put forward the determination to further open up the financial services industry and issued a number of opinions on improving the system and mechanism to promote consumption and further stimulate the consumption potential of residents, the promotion of consumption by domestic policies, and the arrival of the Mid-Autumn Festival and National Day, market confidence has been further improved, pay attention to the guidance of Monday Lun Tong, and pay attention to the further performance
of bulls after the rise.
