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    Home > Chemicals Industry > New Chemical Materials > Shanghai copper high opening oscillation, short-term may peak and fall

    Shanghai copper high opening oscillation, short-term may peak and fall

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Shanghai copper opened high on Friday, and the latest opening price of the Shanghai copper 2112 contract was 70880 yuan / ton, up 640 yuan
    .
    Strong earnings and economic growth in the United States supported the stock market, so that the stock market has always hovered near the record high, overnight London copper high running, the latest closing quotation of 9628 US dollars / ton, closed up 148 US dollars, or 1.
    56%, the volume of 14704 lots increased 2559 lots, the position 261834 increased 615 lots
    .
    In the evening, Shanghai copper opened high, and the latest closing price of the main monthly 2112 contract was 70830 yuan / ton, up 590 yuan, or 0.
    84%.

    Shanghai copper

    On the macro front, domestic real estate risk appetite has recovered, real estate financing has improved, boosting the rebound of real estate-related commodities, market sentiment has improved, which is good for the macro level, and the operating rate of downstream processed materials has increased slightly month-on-month, which has boosted spot, and copper is expected to rise
    slightly today.

    In terms of inventories, the London Metal Exchange (LME) reported 104175 metric tons of London copper on November 11, down 1,950 metric tons, or 1.
    84%,
    from the previous trading day.

    Industry news, Zhongwei Co.
    , Ltd.
    signed a laterite nickel ore smelting agreement, and the nickel metal containing high-ice nickel was increased to 60,000 tons/year; The U.
    S.
    government intends to add nickel to the list
    of critical minerals.

    At present, Shanghai copper technical short-term may peak down, fundamental consumption and economic pressure is large, it is difficult to form a trend momentum, it is expected that Shanghai copper will maintain a range shock market in the near future, and may fall back to the main force of Shanghai copper 70,500 a line within the day, focusing on the range of 7.
    1-70,000 around the shock
    .
    The operation of the loader has sold goods in the morning mainly wait-and-see, and the reserve is temporarily waiting for the bottom of
    the range.

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