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    Home > Chemicals Industry > New Chemical Materials > May 23 Shanghai copper brief commentary

    May 23 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 51900 yuan / ton in the morning, falling slightly at the beginning of the session, testing 51760 yuan / ton
    .
    At the beginning of the second trading session, copper prices rose to 51840 yuan / ton after the first line began to slowly decline, and the decline intensified in the afternoon, and after testing 51620 yuan / ton, it recovered and touched 51800 yuan / ton
    .
    Late bears withdrew, the market rose, closing at 51770 yuan / ton, up 290 yuan / ton
    .

    Shanghai copper

    South Reserve East China: The average price of electrolytic copper in East China of South Reserve: 51590 yuan, up 360; Liter discount quote: -100 to -40 yuan, down 20
    .
    East China, Shanghai copper once again strengthened, the morning market tried to report yesterday's premium shipments, but helpless to ship more, the supply of goods is loose resulting in unstable discounts, and the recent downstream receiving sentiment is not good, holders have successively lowered prices, the transaction is still weak, in general, the overall trading atmosphere is poor, the discount is larger
    than yesterday.
    As of the close, the premium copper mainstream trading pair futures contract discount of 40-50 yuan, flat water copper discount 100-110 yuan, wet copper discount 140-150 yuan
    .

    South China Reserve: The average spot price of electrolytic copper was 51,750 yuan / ton, up 360 yuan / ton; Liter discount quotation, 80 to 110 yuan, down 15
    .
    In Guangdong, recent shipments of smelters are relatively normal, the market supply is relatively sufficient, and it is difficult for the premium to rise; Today, the shipment sentiment of the holders is high, but there are few receivers, and the overall transaction is relatively quiet
    .
    Today's premium copper mainstream trading pair futures contract premium of 100-110 yuan, flat water copper premium 60-90 yuan
    .

    The dollar recovered slightly today, putting pressure on base metals
    .
    Shanghai copper opened high and low as a whole, giving up some of its gains
    .
    From a technical point of view, the main force of Shanghai copper is currently based on the 60-day moving average, and the support capacity is strong
    .
    It is expected that the volatile trend will continue in the evening, and the center of gravity will rise, paying attention to the guidance of the external trend
    .

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