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Wednesday's Shanghai copper main contract 1910 opened at 46210 yuan / ton in the morning, the opening was 46310 yuan / ton, the market was not confident in the high, bears increased their positions a lot, and then the market fell all the way to the end of the afternoon, and the afternoon continued to fall to 45980 yuan / ton, and then rebounded to 46060 yuan / ton, and then continued to decline, closing at the lowest level of the day at 45960 yuan / ton
.
It fell by 170 yuan / ton, down 0.
37%.
In terms of external trading, Apanlon copper opened at 5699 US dollars / ton, and after the morning opening at 5724.
5 US dollars / ton, but due to the recent macro disturbance, the overall impulse energy is insufficient, copper prices then opened a shock decline mode, until the end of the Asian market, copper prices tested lower 5669.
5 US dollars / ton
.
After entering the European market, bulls took advantage of the low entry into the market, driving the price to recover, the center of gravity rose to around 5710 US dollars / ton, as of 17:30, London copper reported 5713 US dollars / ton, up 0.
03%.
In terms of the market, Shanghai electrolytic copper spot contract reported a premium of 50 ~ 100 yuan / ton, a flat water copper trading price of 46100 yuan / ton ~ 46170 yuan / ton, and a premium copper trading price of 46130 yuan / ton ~ 46200 yuan / ton
.
Shanghai copper is sorted
out around 46,000 yuan / ton.
The market continued to perform a stalemate tug-of-war, continuing the previous day's quotation premium 60~100 yuan / ton, good copper concentrated transaction around 90 yuan / ton, flat water copper holders quotation is more persistent, maintain a premium of 60~70 yuan / ton nearby, traders intend to receive goods at a low price, premium 50 yuan / ton becomes the target receipt price level of traders; Wet copper continued the previous day's quotation premium of 20~30 yuan / ton, continuing the tight price characteristics
.
Although traders are willing to receive goods at low prices, there is limited
room for price reduction.
Copper futures continued to fluctuate at a low level, the quotations of holders were stable, the willingness to raise prices remained unchanged, it was difficult to find low-priced sources, and the actual trading market conditions were still
deadlocked.
Afternoon copper fell below 46,000 yuan / ton, the market is more difficult to see low-price sources, holders of price sentiment is strong, but some good copper has a small price reduction space
.
At present, the overall performance of the Shanghai copper daily market is a trend of rushing high and falling, mainly due to the market panic caused by Sino-US disputes, coupled with macro weakness, copper prices rushing high and weak, and it is difficult to stand firm
at the high level.
Shanghai copper closed negative during the day, there is no moving average support, the MACD indicator green column continues to lengthen, multiple technical indicators are bearish copper prices
.
Wait for the guidance of the external market to test whether Shanghai copper can hold 45900 yuan / ton
.
