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    Home > Chemicals Industry > New Chemical Materials > Shanghai copper opens shock mode The market was characterized by obvious characteristics on Monday

    Shanghai copper opens shock mode The market was characterized by obvious characteristics on Monday

    • Last Update: 2022-12-05
    • Source: Internet
    • Author: User
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    On Monday, the Shanghai copper 1705 contract opened low at 46780 yuan / ton, after the opening of the short position increased sharply, copper prices fell instantly, fell to the lower Bollinger Road around 46200 yuan / ton, a small number of short disk outflow, long plate tentatively increased positions, copper prices opened shock mode, intraday low to 46050 yuan / ton, then long and short disk outflow, copper price narrow range shock, with 46260 yuan / ton closed at the long black line, down 750 yuan / ton
    .

    Shanghai copper

    Macro: Crude oil fell, the dollar tumbled
    .
    Domestic industrial profits from January to February increased by 31.
    5%
    year-on-year.
    Market analysis, there is a rapid growth, more rely on the rapid rise of coal, steel and crude oil prices
    .
    Although profits in industries such as coal, steel and oil extraction have grown rapidly, they are still recovering
    .
    Too many
    messages.

    Spot: Shanghai electrolytic copper spot contract reported a discount of 190 yuan / ton - discount of 120 yuan / ton, flat water copper transaction price of 45940 yuan / ton - 46060 yuan / ton, premium copper trading price of 45960 yuan / ton - 46100 yuan / ton
    。 Shanghai copper high fall, holders of high cash, market supply abundant, but low-end wet copper is still limited supply, inhibit the expansion of the current copper discount, the current copper discount quotation is basically the same as last Friday's level, good copper quotation compared with last week has loosened, next month's ticket source significantly increased, and this month's ticket source price difference is about 20 yuan / ton, near the end of the first quarter, capital factors are subject to speculators and tourists, resulting in there are still individual traders selling a lot of goods at low prices, dragging down the market discount, Monday is characteristic
    .

    Industry: The copper mine's Escondida union said miners would choose to reinstate their original contracts
    .
    It is expected that it will take
    two weeks to resume normal output.
    BHP's president said the negotiation process with the union was over and the strike would end
    .
    Negotiations have resolved differences with the unions and will try to resume construction
    of related projects.
    The message is empty
    .

    On the whole, in the short term, affected by the tight domestic funds, commodities generally declined
    .
    In terms of spot, near the end of the first quarter, capital factors are subject to speculators and downstream customers, resulting in a large number of sellers selling goods at low prices, dragging down the market discount, and the characteristics of Monday are obvious
    .

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