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    Home > Chemicals Industry > New Chemical Materials > September 25 Shanghai copper brief commentary

    September 25 Shanghai copper brief commentary

    • Last Update: 2022-12-12
    • Source: Internet
    • Author: User
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    Today's Shanghai copper main force 1811 contract in a large number of short positions to open high, open at 50300 yuan / ton, quickly touch 50400 yuan / ton, a large number of long profits out of the market, short positions with positions, copper price center of gravity straight down, and then along the 50120 yuan / ton narrow range, during the period of the lowest 50010 yuan / ton, but still hold the 50000 yuan / ton mark
    .
    In the afternoon, the bulls reduced their positions, copper prices slowly fell back to 50060 yuan / ton blocked, the end of the day into the short flat, copper price center of gravity continued to rise, closing at 50360 yuan / ton, up 760 yuan / ton, up 1.
    53%.

    Shanghai copper

    South Reserve East China: the average spot price of electrolytic copper was 50,430 yuan / ton, up 500 yuan / ton; Liter discount quotation, 50 to 80 yuan, down 75 yuan
    .
    In East China, sufficient supply holders actively adjusted prices to dump goods, the market mainly quoted for next month's tickets, the premium fell again, buyers waited and watched before the long holiday, received less goods, and the overall transaction was not good
    .
    Copper premium to the next month premium 80-90 yuan, flat water copper premium 50-60, wet copper premium 10-20 yuan
    .

    South China Reserve: The average spot price of electrolytic copper was 50,530 yuan / ton, up 500 yuan / ton; Liter discount quotation, 140 to 180 yuan, down 80 yuan
    .
    In Guangdong, inventories increased by 40% after the Mid-Autumn Festival holiday, and holders took the initiative to reduce prices and shipments, and intraday premiums continued to decline, but even so, receivers were cautious and did not have a high
    desire to replenish.
    We expect that the National Day stocking tide may not appear until the next day, when spot transactions may improve significantly
    .
    The premium copper pair is 180-190 yuan / ton in the next month, and the flat water copper premium is 130-140 yuan / ton
    .

    Today's copper price gaped higher, and the intraday high rose another level but closed short green column
    .
    Today's import profit window closed, and the price difference between the current month and the next month narrowed from more than 300 yuan / ton last week to 210 yuan / ton
    .
    Today's Shanghai copper index outflow of 142 million yuan, at the top of the nonferrous sector outflow of funds, bears hed the market, bulls closed high, intraday rally slowed down
    .
    In the evening, pay attention to the game performance of the long and short positions, wait for the guidance of the external market, and test whether Shanghai copper can consolidate at the current high
    .

     

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