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    Home > Chemicals Industry > New Chemical Materials > Shanghai copper is still mainly volatile and continues to pay attention to downstream procurement

    Shanghai copper is still mainly volatile and continues to pay attention to downstream procurement

    • Last Update: 2022-12-05
    • Source: Internet
    • Author: User
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    On Thursday, the main 1707 month contract of Shanghai copper fell after the opening of early trading, rebounded and rebounded after reaching the lowest point in early trading, and then maintained the shock sorting, and the price quickly pulled up in the afternoon, and once rose to the highest of 45330 yuan
    at the end of the day.
    It finally closed at 45,270 yuan, up 320 yuan, or 0.
    71%, and the index position decreased by 3,274 lots to 594,000 lots
    .

    Shanghai copper

    In terms of the external market, LME March copper first fell and then rose, opening at $5509.
    5 in the morning, after the opening shock fell to the lowest point of 5491.
    5 US dollars in early trading, and then bottomed out, impulse rose to the highest point of 5533 US dollars, reversed before midday and fell, and the price reversed again in the afternoon, copper prices rose sharply to 5566 US dollars, and the rise fell slightly before closing
    .
    The domestic trading session closed at $5,554, up $44, or 0.
    8%.

    In the spot market, the market trading in the morning mainstream trading session is general, and the afternoon mainstream trading session is flat, and traders are more concentrated in quotations, but there is still a willingness to
    hold the price.
    Downstream manufacturers currently mainly consume early inventory, and procurement is relatively weak
    .
    The trading range of the mainstream trading session in the morning: 44880-44960 yuan / ton, the current spot copper premium quotation C10-B70 yuan / ton
    .
    Among them, good copper b60-b70 yuan / ton, flat water copper b30-b40 yuan / ton, wet copper C10-b00 yuan / ton
    .

    The market suddenly turned sharply from black in the afternoon to lead the overall commodity strength, and Chilean copper miners will hold a 24-hour strike in the coming weeks to support copper prices psychologically, non-ferrous metals are currently not performing as well as chemical products
    in the context of possible interest rate hikes by the Federal Reserve and the possible strengthening of the US dollar again.
    From the perspective of the futures plate, the daily K line stood on the 5-day moving average, and the 45,000 yuan integer mark was also effectively broken, but the MACD dead cross, the KDJ dead cross entered the oversold area, showing that the short-term price is still repeated, and the copper price may be mainly volatile, continue to pay attention to downstream procurement
    .

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