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    Home > Chemicals Industry > New Chemical Materials > Shanghai copper afternoon review on September 4

    Shanghai copper afternoon review on September 4

    • Last Update: 2022-12-12
    • Source: Internet
    • Author: User
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    Overnight, copper prices continued to fall, Shanghai copper lost 48,000 yuan / ton mark, the main force 1811 closed at 47,860 yuan / ton, down 300 yuan / ton, Shanghai index warehouse increased 8,354 hands to 611,000 lots
    .

    Shanghai copper

    Bears continue to take the initiative to increase positions into the market, the dollar short-term stability above 95, London nickel led the decline in base metals, the trade war clouds hit again, waiting for the progress of the 9.
    5th situation, copper prices are still weak in the short term, the macro bears take the initiative to enter the market to put pressure, and many parties are unable to parry
    .
    In terms of spot, the holders are strong and premium, but mostly the circulation between traders, the downstream market is not much, follow-up pay attention to its low price after whether there is replenishment action, it is expected that today's premium 130-liter 170 yuan / ton
    .

    Yesterday's Shanghai copper night trading was very weak, positions rose slightly, the short-term trend of Shanghai copper is weak, and it still takes a certain process
    to build a bottom.
    The medium-term global trade dispute has not improved, and the United States may impose tariffs on 200 billion Chinese imports this week, and copper prices are under pressure, which may again test the support
    around 47210 in the early stage.
    Upper pressure 20-day MA 48680, lower support 47210
    .

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