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September 12 Copper Market Afternoon Review

 Last Update: 2022-12-12
 Source: Internet
 Author: User

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The Sino-US trade war continues to heat up, and the upside of London copper is weak overnight, and the latest closing price is 5880 yuan / ton, down $10, or 0.
17%.

In the domestic copper market, Shanghai copper opened low and went high overnight, and the latest closing price of the main monthly 1811 contract was 47310 yuan / ton, down 10 yuan, or 0.
02%.

Copper City

Shanghai copper relies on the narrow range above the daily moving average, and the profit of the import window remains stable at about
500 yuan / ton.
Morning maintenance stability yesterday's quotation, quotation flat water ~ premium 40 yuan / ton, traders pressure the price, the transaction atmosphere is slightly deadlocked, so the holder lowered the quotation, good copper quotation to 20 yuan / ton, flat water copper general quotation flat water, can be pressed to discount 10 yuan / ton to receive
.
Traders received goods at low prices, and the low-priced sources of goods in the market were quickly collected, and flat water copper gradually rose to 10~20 yuan / ton, and good copper rose again to 40 yuan / ton
.
At about 11 o'clock, it has been heard that the flat water copper rose to 30 yuan / ton, and the good copper quotation rose 50 yuan / ton, but the transaction was far less than the morning market, and the wet copper maintenance quotation was 60~30 yuan / ton, and the downstream maintained rigid demand
.
Today's market is blocked by 48,000 yuan / ton, low-priced sources are still favored by traders, and the market is also dominated by traders
.
Pay attention to the guidance
of changes in the intraday spread.

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