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On Tuesday morning, the main 1905 contract of Shanghai copper opened at 49170 yuan / ton, after the opening of the copper price center of gravity quickly rose to around 49230 yuan / ton, in the 49210-49250 yuan / ton range after the shock, copper prices continue to probe higher, in the short line after touching the high of 49300 yuan / ton, affected by the external market, the bulls closed the mood gradually strengthened, copper prices quickly fell to 49160 yuan / of, gradually showed a low recovery in the afternoon, the afternoon copper price around the daily moving average slowly oscillated, again tried to test 49370 yuan / of, However, it still failed to maintain stability at a high level, and fell back at the end of the session, closing at 49270 yuan / ton, down 20 yuan / ton, down 0.
04%.
In terms of external trading, Asian market, London copper opened at 6462.
5 US dollars / ton, opened around the daily average to do a narrow range of shock upward, short-term high 6480 US dollars / ton, because the US dollar gradually rose, copper prices began to show down, after falling to a low of around 6452 US dollars / ton, copper prices again tried to test the high recovery
.
Entering the European market, the performance at the beginning of the session is still limited at 6480 US dollars / ton, the US dollar has recovered, London copper turned down, after testing down 6435 US dollars / ton, the price performance has retraced, as of 17:20, London copper reported 6441 US dollars / ton
.
In the market, the US index rose strongly overnight, commodities generally fell, and Shanghai copper was under pressure to 49100 yuan / ton line
.
Morning market downstream and traders inquiry positive, holders quotation flat water copper flat water ~ liter 10 yuan / ton, good copper premium about 80 yuan / ton, good copper first ushered in a wave of positive trading, traders actively buy good copper, but flat water copper trading atmosphere is slightly inferior to good copper, can be pressed to discount 10 yuan / ton, the price of low price is acceptable
.
So the cargo holders continued to follow the trend to raise the quotation, good copper led the quotation to raise the water 100 yuan / ton, flat water copper resumed the quotation to flat water ~ 10 yuan / ton, but the high premium made the market transaction suppressed, the second trading session buying initiative has declined
.
Downstream to maintain rigid demand, bargain buying
mostly.
Intraday traders' trading has become market-dominant, and spot premiums remain high
.
In the afternoon, due to the low and rebound, the market inquiry atmosphere remained positive, attracting traders to buy on the dip, but because the holders' quotations continued to rise, especially good copper, once again actively pushed, flat water copper passively followed, the push up was limited, but the transaction heat was still not as hot as the morning market
.
Shanghai copper opened low and stabilized during the day, pulling back
slightly.
After the rapid rise formed by the economic improvement the day before, Shanghai copper showed a slight pullback posture this day, combined with the technical trend, the current Shanghai copper range is still in the shock range of 49000-49500, with the domestic economic situation and infrastructure, manufacturing gradually warmed up, the consumption season effect gradually reflected
.
It is expected that Shanghai copper will be adjusted by short-term shocks, and it is expected to rise slightly in the later period
.
