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    Home > Chemicals Industry > New Chemical Materials > November 21 Shanghai copper brief commentary

    November 21 Shanghai copper brief commentary

    • Last Update: 2022-12-14
    • Source: Internet
    • Author: User
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    Today's Shanghai copper main 1901 morning market opened at the intraday low of 49060 yuan / ton, the beginning of the day to the afternoon copper price along the 49200 yuan / ton line of narrow consolidation
    .
    In the afternoon, more into the short flat, copper price center of gravity from 49257 yuan / ton slightly up around 49345 yuan / ton, and then along the 49276 yuan / ton line again narrow finishing, a large number of bears left the market at the end of the day, copper prices oscillated upward slightly pierced the daily moving average, up to the intraday high of 49410 yuan / ton, closed the intraday high of 49410 yuan / ton, down 390 yuan / ton, down 0.
    78%.

    Shanghai copper

    South Reserve East China: 49360 yuan, down 520 yuan, premium quotation: 80 to 140, up 50
    .
    In East China, the market fell sharply, the holders shipped at a large price, and the rapid rise of the premium made some buyers wait and see, and the downstream received the goods in an appropriate amount on demand, and the overall transaction was
    acceptable.
    The premium copper mainstream trading pair futures contract premium 130-140 yuan, flat water copper premium 70-80 yuan, wet copper discount 120-140 yuan
    .

    South China Reserve: 49330 yuan, down 490 yuan, premium quotation: 70 to 100, up 75
    .
    In Guangdong, copper prices fell sharply, and some holders took the opportunity to continue to raise prices, and in the morning, Pingshui copper was once reported at +100 yuan / ton, and it was difficult to trade
    .
    In the case of stalemate, the market began to quote +50 yuan / ton, while the downstream bargain demand was acceptable, and the low-price transaction was smooth
    .
    At present, the monthly difference is inverted, and the spot premium has risen sharply, and the holders have made a lot of profits, but they are still generally optimistic about the future market premium, the overall shipment is not much, after a small number of transactions at a low price, choose to cover the market and sell, so the market spot premium has been raised again to 70-80 yuan / ton, but the high premium also inhibits the willingness to receive goods, and the trading situation is average
    .
    The mainstream trading of premium copper is 90-100 yuan / ton for futures contracts in the month, 50-70 yuan for flat water copper, and 50 yuan / ton
    for wet discount.

    Due to the collapse of U.
    S.
    stocks overnight, pessimism was transmitted to commodities, overnight Shanghai copper plummeted from 50,000 yuan / ton to 48,760 yuan / ton, today's Shanghai copper main force closed with a long lower shadow of the negative column, two consecutive consecutive negatives, the center of gravity fell to the Bollinger middle rail 49572 yuan / ton line, KDJ opening downward, waiting for external guidance in the evening, pay attention to the short position increase, the evening test whether the main entity of Shanghai copper can maintain stability above the 10-day moving average of 49326 yuan / ton
    .

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