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    Home > Chemicals Industry > New Chemical Materials > Shanghai copper afternoon review on January 17

    Shanghai copper afternoon review on January 17

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
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    The overnight Shanghai copper 2003 contract closed at 49,220 yuan / ton, down 0.
    1%, with a volume of 46,000 lots, and long positions reduced by 1,181 lots to 141,000 lots
    .
    Copper prices retreated last night, as a series of strong U.
    S.
    economic reports pushed the dollar higher, putting pressure on copper prices to recover intraday gains
    .

    Shanghai copper

    At present, the macro market is dominated by trade optimism, and the signing of the Sino-US economic and trade agreement in US stocks has promoted another record high, which has also hit safe-haven gold; Domestically, the central bank yesterday carried out another reverse repurchase operation of 300 billion yuan, achieving a net investment of 300 billion yuan, and the market cash flow was relatively abundant a few years ago, which still supported the copper price below
    .
    At present, Shanghai copper closed negative, supported by multiple moving averages below
    .

    In terms of spot, the recent market price has remained high, and the willingness of the market to receive goods before the Spring Festival has gradually declined, and the spot quotation is expected to continue to maintain a high discount state, and a small number of transactions
    at low prices.
    It is expected that today's Shanghai copper 49100-49500 yuan / ton, spot discount 190-discount 140 yuan / ton
    .

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