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    Home > Chemicals Industry > New Chemical Materials > May 16 Shanghai copper brief commentary

    May 16 Shanghai copper brief commentary

    • Last Update: 2022-12-10
    • Source: Internet
    • Author: User
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    Today's Shanghai copper main 1807 contract opened at 50890 yuan / ton in the morning, climbing
    upward at the beginning of the session.
    After touching the height of 51080 yuan / ton, it fell slightly and sorted out at 51000 yuan / ton
    .
    After rushing up to 51180 yuan / ton in the afternoon, the upward momentum was insufficient, falling back to the 50120 yuan / ton line, and slowly rising with the short position reduction, hindered at 51090 yuan / ton
    .
    At the end of the day, bulls withdrew and fell slightly, closing at 51020 yuan / ton, down 250 yuan / ton
    .

    Shanghai copper

    South Reserve East China: the average spot price of electrolytic copper was 50,720 yuan / ton, down 230 yuan / ton; Liter discount quotes, -130 to -80 yuan, down 110 yuan
    .
    In East China, due to the decline in the market, although the discount quotation returned after the change of month, the discount range was small, and the downstream first two days of wait-and-see procurement was less, today's bargain replenishment demand is better, the transaction of low-price sources is smooth, and the support discount narrows
    .
    Today's premium copper mainstream trading pair futures contract discount of 70-80 yuan, flat water copper discount 120-130 yuan, wet copper discount 170-180 yuan
    .

    South China Reserve: The average spot price of electrolytic copper was 50,910 yuan / ton, down 270 yuan / ton; The price of the liter discount was 70 to 100 yuan, down 145 yuan
    .
    In Guangdong, although today's inventory continues to decline, but after the month change, the market shipments increased, the circulating supply increased significantly, the premium continued to fall, and the receivers were also happy to purchase at low prices.

    Today's premium copper mainstream trading pair futures contract premium of 100-110 yuan, flat water copper premium 60-80 yuan
    .

    Today's Shanghai copper main force overall oscillated to the upside, almost recovering the decline of the opening gap
    .
    Technically, the main force of Shanghai copper recorded a doji today, standing below all moving averages, and the upper shadow intersected
    the 40-day moving average.
    The upper 5-day and 10-day moving averages are connected, the pressure is strong, the support is insufficient, and the KDJ tends to be tight
    .
    It is expected that the evening volatility will run weakly, pay attention to the trend of the external market
    .

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