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    Home > Chemicals Industry > New Chemical Materials > November 26 Shanghai copper afternoon review

    November 26 Shanghai copper afternoon review

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
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    The overnight Shanghai copper 2001 contract opened at 47180 yuan / ton before fluctuating downward, closing at 47100 yuan / ton
    .
    Last night, copper prices rose first and then declined, returning to the previous operating range
    .
    Although the news on the global trade situation continued to be positive, coupled with a series of better-than-expected economic data from the United States and Europe, global stocks rose, and U.
    S.
    stocks climbed to record highs, but the commodity market was significantly cautious due to demand expectations, and oil prices lacked momentum, and U.
    S.
    oil remained below
    $58.

    Shanghai copper

    At present, the macro trade outlook has improved, European and American economic indicators are better than expected, the yen and gold safe-haven assets are under pressure at a low level, and it is expected that the change in risk appetite will be transmitted to the copper market, boosting copper prices
    .
    At present, Shanghai copper closed negative, MACD green column continues to shorten, and there is support
    in the technical picture.

    In terms of spot, as the market price has not changed much from yesterday, considering the demand for notes, the low-price transaction is expected to be acceptable, but the acceptance of the high-price market is not high, and the expected performance is relatively deadlocked
    .
    It is expected that today's Shanghai copper 46950-47250 yuan / ton, spot premium 80-liter 120 yuan / ton
    .

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