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    Home > Chemicals Industry > New Chemical Materials > November 1 Shanghai copper brief commentary

    November 1 Shanghai copper brief commentary

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
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    Today's Shanghai copper main contract 1812 opened lower and closed at 48730, down 430 points
    .
    On the market, the night Shanghai copper opened flat and fell at the end of the day, and the daily Shanghai copper fell again in the afternoon, constantly weakening
    .
    On Wednesday, the dollar index rose again and broke new highs, putting pressure on copper prices; On the news, Trump's threat to further adopt larger trade tariffs has heightened concerns about macroeconomic weakness, and copper prices have come under pressure
    .
    Copper prices are expected to remain weak and consolidated, with a volatile range of 48500-49500
    .
    You can maintain the stock
    just needed below.

    Shanghai copper

    South Reserve East China: average price of electrolytic copper: 48760 yuan, down 380, premium quotation: -10 to 20, up 5
    .
    In East China, the market fell again, holders continued to hold up prices, buyers wait-and-see sentiment was strong, transactions were deadlocked, downstream moderate receipts were in a wait-and-see state, consumption was still flat, and the overall transaction was not good
    .
    The premium copper mainstream trading pair futures contract premium 20-30 yuan, flat water copper discount 0-10 yuan, wet copper discount 90-100 yuan
    .

    South China Reserve: average spot price of electrolytic copper: 48650 yuan, down 350 yuan, premium quotation: -130 to -90, up 35
    .
    Guangdong, the market atmosphere at the beginning of the month warmed up, and coincided with the copper price fell sharply again, the morning holders narrowed the discount shipments, flat water copper discount 130-140 yuan / ton, and traders are generally bullish, taking advantage of the low active receipt, downstream procurement has also improved, so that the low-priced source of goods is quickly collected, the overall transaction is smooth, the second trading session, the market receiving sentiment further fermented, the holder of the trend to significantly narrow the discount, the price of selling means heavier, flat water copper quotation even rose to a discount of 100 / ton, but the high price makes the receiver cautious
    。 The premium copper mainstream trading discount for futures contracts of the month is 90-100 yuan / ton, and the flat water copper discount is 120-130 yuan
    .

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