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Tuesday Shanghai copper main contract 2001 opened at 46810 yuan / ton in the morning, then tested the lowest level of the day 46790 yuan / ton, and then the bulls entered the market, pushing the market up to around 46900 yuan / ton, at the end of the midday center of gravity down and fell back to around 46880 yuan / ton, the afternoon opening Shanghai copper main center of gravity around the daily moving average oscillation, the overall volatility between 46840-46890 yuan / ton narrow range, manifested as a stalemate between the long and short sides, the end of the session closed at 46890 yuan / ton / ton / tons, down 10 yuan / ton, down 0.
02%.
In terms of external trading, Apanlon copper opened at 5814.
5 US dollars / ton, the opening was low, due to the fall of the US dollar in the morning, copper prices took the opportunity to slightly test above 5830 US dollars, but failed to hold, the center of gravity fell
at noon.
Then entered the European market, the center of gravity of copper prices once again fluctuated higher, and due to the US announcement of the postponement of Huawei's ban coupled with the favorable European data in the afternoon, the market risk appetite was active, copper prices rushed 5859.
5 US dollars / ton in the short term, but soon fell back under pressure from crude oil
.
As of 17:30, London copper closed at $5847.
5/ton, up 0.
46%.
In terms of the market, Shanghai copper along the 46800 yuan / ton of the first line of shock sorting, morning market holders continued the previous day's quotation premium 130 ~ 150 yuan / ton, few transactions, helpless can only reduce the quotation to good copper premium 130 ~ liter 140 yuan / ton, flat water copper as low as 110 yuan / ton, low-priced sources of goods still attract some traders to buy; Wet copper followed the quotation downward, and the quotation was concentrated on 50 ~ 70 yuan / ton
.
Copper futures are still under pressure, spot low-price transactions are still attractive, there are downstream parts of the dip replenishment, traders are still targeting low-premium sources
.
Before the delivery of the outflow, the premium water appeared in an embarrassing state of being suppressed, but the market trading activity was acceptable
.
In the afternoon, due to the stability of the market and the market replenishment situation, the price of the holders was still high, and the afternoon quotation was basically stable
in the morning.
The overall daily trend maintained a volatile pattern, mainly because Sino-US trade optimism was gradually digested by the market, investors' expectations of the prospect of international trade resolution were diluted, U.
S.
crude oil was also at a low of 56, and Shanghai copper maintained an overall volatile trend after optimism returned
.
At present, Shanghai copper closed negative, above the pressure of many moving average resistance level, Shanghai copper higher pressure is greater, many data in the United States have been released, pay attention to the trend of the external disk, test whether the center of gravity of Shanghai copper can continue to stand around 46800 yuan / ton
.
