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    Home > Chemicals Industry > New Chemical Materials > Shanghai copper made a slight adjustment within the day, and the range of price and fall was limited

    Shanghai copper made a slight adjustment within the day, and the range of price and fall was limited

    • Last Update: 2022-12-03
    • Source: Internet
    • Author: User
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    On Wednesday, the Shanghai copper 1610 contract opened at 37370 yuan / ton
    .
    After the opening, affected by the strengthening of the US dollar and the fall of the black series, the bulls cut their positions to avoid safety, and the copper price fell below the support of the daily moving average, falling to 37220 yuan / ton, and then slowly recovered several times to touch the daily average It is difficult to form a breakthrough, and it fell
    again at the end of the day.
    The 1610 contract finally closed at 37220 yuan / ton, up 60 yuan / ton
    .

    Shanghai copper

    In terms of external trading, London copper opened at 4806 US dollars / ton, Asian Lun copper shun daily moving average short line rushed to 4819 US dollars / ton, with the strengthening of the dollar, bears high test bears, London copper under pressure to fall, long and short in the 10-day line 4800 US dollars / mark to start a scramble, copper prices almost want to rush up but blocked by the daily moving average, into the European session, the dollar pulled up to recover the 95 mark, bears vigorously increased positions, London copper diving fell below the 5-day moving average, fell back to the 60-day moving average, low 4765 US dollars / ton, as of 17:0 0, London copper reported 4767.
    5 US dollars / ton, down 0.
    95%.

    In terms of the market, copper in Shanghai fluctuated in a narrow range, with a shock range of only 80 yuan
    in early trading.
    Holders no longer hold up prices, and the premium discount is rapidly lowered after the opening high report, and before 10 o'clock, good copper reports a premium of 30 yuan / ton, and flat water copper reports a discount of 30 yuan / ton
    .
    As there continues to be no trace of scale downstream, traders' speculative enthusiasm has also cooled
    .
    The market has sufficient supply and positive quotations, but the inquiry is limited and the actual transaction is
    weak.
    In the afternoon, the market has appeared warehouse receipt supply, copper quotation slightly loosened, to discount 40-liter 30 yuan / ton, the transaction price is stable at 37130-37270 yuan / ton, downstream still maintain low inventory production, only take goods on demand, the transaction has not improved
    .
    With the large outflow of delivery sources, the premium water may be further restrained
    .

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