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    Home > Chemicals Industry > New Chemical Materials > Shanghai copper shock to the downside, pay attention to the bears' movements

    Shanghai copper shock to the downside, pay attention to the bears' movements

    • Last Update: 2022-12-14
    • Source: Internet
    • Author: User
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    On Monday, Shanghai copper fluctuated downward, the main month 1902 contract opened at 48300 yuan / ton, the highest intraday 48510 yuan / ton, the lowest 48030 yuan / ton, settled 48220 yuan / ton, closed 48100 yuan / ton, down 250 yuan, down 0.
    52%.

    Shanghai copper

    In the external market, the Asian market, London copper is strong and volatile, the latest quotation at 15:00 Beijing time is 5981 US dollars / ton, up 3 US dollars, or 0.
    04%.

    In terms of the market, the domestic spot copper price remained stable during the day, and the spot copper price of the Yangtze River 1# was reported at 48430 yuan / ton, down 10 yuan, and the premium was 140-180; Shanghai spot 1# copper price was 48350 yuan / ton, down 50 yuan / ton
    .
    In the spot market, after the downstream concentrated replenishment last week, the wait-and-see mood heated up and the transaction was light
    .
    The intraday market transaction is extremely light, the market with ticket copper transaction is also less, but there are sporadic quotations, mainstream quotations concentrated on the next month's ticket, the morning market good copper quotation is higher, with a ticket report +160 but not much to receive, then the next month ticket quotation began to lower the price, near noon good copper the lowest reported +60, most traders in the overall market closed, wait until the transaction
    after New Year's Day.

    In terms of news, Canada's FQM said on Friday that it will cut 2,500 jobs in Zambia as Zambia, Africa's second-largest producer plans to raise mining taxes; The slowdown in global economic growth has hurt the demand for industrial metals, and the macroeconomic pressure is not abated, and copper may still have downside
    .

    During the day, the inflow of funds into the Shanghai Copper Index was 173 million yuan, ranking first
    in the inflow of funds in the nonferrous sector.
    The main force of Shanghai copper ended the two consecutive Yangs during the day, and the closing negative body fell below the three major negative pillars last week, temporarily supported by the lower Bollinger band, and the MACD green energy column expanded
    .
    Wait for the guidance of the US dollar, pay attention to the bears' movements, and test whether the main force of Shanghai copper can continue to hold the 48,000 yuan / ton mark
    .

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