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    Home > Chemicals Industry > New Chemical Materials > Shanghai copper morning review on February 13

    Shanghai copper morning review on February 13

    • Last Update: 2022-12-08
    • Source: Internet
    • Author: User
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    Overnight Shanghai copper was weakly sorted out, the main monthly 1804 contract opened at 51330 yuan, the highest intraday 51900 yuan, the lowest 50920 yuan, settled 51360 yuan, closed 51710 yuan / ton, closed down 90 yuan
    .
    Shanghai copper 1804 full-day trading volume 268694 increased by 9842 lots, and the position increased by 1642 lots to 236352
    .
    The trend of intraday and domestic copper is very strong, and it is expected that driven by London copper in the evening, the decline of Shanghai copper is expected to be limited, and it is expected that Shanghai copper will fluctuate and sort out
    .

    Shanghai copper

    In terms of the market, as of 2018-2-12, SMM 1# electrolytic copper spot price is 51190 yuan / ton, down 90 yuan / ton from the previous day, compared with the near-month contract discount of 155 yuan / ton, the first trading day after the month before the holiday, the market continues to discount quotations, but there is still no one to care, in order to seek transactions, good copper discount quickly expanded to 150140 yuan / ton, flat water copper with discount 190 ~ 180 yuan / ton, a small number of traders to prepare for the reserve of the holiday, bargain buying, only a few downstream into the market replenishment, The overall trading volume of the market is light
    .

    Last night, the global stock market rebounded collectively, bulls increased their positions into the market, with the end of the LME inventory increase, copper prices rebounded at a low level, short-term is expected to still have room for upward rebound, it is expected that today's Shanghai copper range of 51300 ~ 51900 yuan / ton
    .
    In terms of spot, the transaction is light, and the follow-up discount is expected to expand, and it is expected that the discount is 300-250 yuan / ton
    .

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