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    Home > Chemicals Industry > New Chemical Materials > November 5th Shanghai copper afternoon review

    November 5th Shanghai copper afternoon review

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
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    Overnight, the Shanghai copper 1912 contract opened at 4706 yuan / ton, and the copper price rose after the opening, and the copper price began to fall back after testing the high of 47250 yuan / ton, down to 47050 yuan / ton
    .
    At the end of the session, copper prices rose slightly, and finally Shanghai copper closed at 47130 yuan / ton, an increase of 0.
    23%.

    Today, the Shanghai Copper Index traded 84,000 lots, and long positions increased by 2,174 lots, reaching 542,000 lots
    .

    Shanghai copper

    At present, Shanghai copper is closing in the sun, and there are two moving average pressures above, which hinders
    the upward movement of copper prices.
    After yesterday's close, as U.
    S.
    bond yields climbed, the dollar index rebounded sharply, and oil prices fell more than $0.
    6 per barrel at their highs, which is expected to drive copper prices back
    today.

    In terms of spot, due to the beginning of the month, enterprises have no restrictions on funds, buying sentiment has heated up, and coupled with the recent closure of the import window, resulting in a limited supply of market circulation, accelerating the price of holders, it is expected that today's holders' quotations will remain high, but the space for continued pulling up is limited, and the acceptance of high-priced markets is expected to be low
    .
    It is expected that today's London copper 5840-5890 US dollars / ton, Shanghai copper 46800-47200 yuan / ton, spot premium 50-liter 100 yuan / ton
    .

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