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    Home > Chemicals Industry > New Chemical Materials > Shanghai copper gains expanded, bulls actively entered the market

    Shanghai copper gains expanded, bulls actively entered the market

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    On Thursday morning, the main 1905 contract of Shanghai copper opened at 49160 yuan / ton, after the opening copper price fluctuated in a narrow range at 49150 yuan / ton, the initial probe of the low 49120 yuan / ton, and then followed the external market, actively pulled up, when the center of gravity rose to around 49210 yuan / ton, the rally stagnated, maintained stability and volatility, and then continued to rise
    .
    In the afternoon, copper price gains expanded, bulls actively entered the market, the center of gravity soon moved up to 49340 yuan / ton, copper prices around this position after oscillation, the end of the session again sprint, high 49520 yuan / ton, closed 49510 yuan / ton, up 250 yuan / ton, up 0.
    51%.

    Shanghai copper

    In terms of external trading, Asian market, London copper opened at 6431.
    5 US dollars / ton, the initial test of the low 6427 US dollars / ton, and then due to the performance of the US dollar fell back, and fell to the 97 mark, copper prices waiting for the opportunity to rise, copper prices have maintained stability around
    6462 US dollars / ton at noon.
    At the end of the Asian session, the bears closed their positions, and copper prices continued to rise until they entered the European market, and the rise slowed
    down slightly.
    Subsequently, after testing the height of 6507.
    5 US dollars / ton, the price failed to continue to stabilize above 6500 US dollars / ton, and as of 17:20, Lun copper was reported at 6494.
    5 US dollars / ton
    .

    In terms of the market, Shanghai copper maintained a first-line quotation
    of 49,100 yuan / ton.
    Copper prices are low, some downstream morning market is active inquiry, traders in the morning market also have the willingness to receive goods, holders continue to raise prices, morning market holders on flat water copper premium 40 yuan / ton, good copper premium 140 ~ 150 yuan / ton, transaction response positive, morning market transaction is acceptable, then the holder quickly raised the price to flat water copper premium 50 ~ 60 yuan / ton, good copper was pulled up to 170 ~ 180 yuan / ton, good copper transaction was suppressed, flat water copper premium 60 yuan / ton transaction also stagnated

    Intraday downstream bargain replenishment is positive, but the trading atmosphere is still led by traders, the proportion of good copper sources is small, imports continue to lose sharply, and subsequent arrivals are also limited, so that the holders' quotations remain firm, and the stable promotion of demand has also promoted the rise
    of premiums.
    In the afternoon, due to the sharp rise in the market, it inhibited downstream buying, but some traders still continued to buy, and the active buying at high prices could slightly reduce the price of high premiums, and the holders relaxed slightly at the end of the day
    .
    Wait for the guidance of the external market to test whether the main force of Shanghai copper can continue to test the position
    of 49,600 yuan / ton.

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