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On Friday morning, the main 1810 contract of Shanghai copper opened at 47880 yuan / ton, long positions increased at the beginning of the session, copper prices rose slightly, hindered by the 48000 yuan / ton integer mark after the center of gravity fell, along the 47860 yuan / ton line of narrow range
.
In the afternoon, boosted by the external market, bulls followed the trend to cover positions, copper prices touched 47970 yuan / ton, short long exit, short positions increased, fell to 47500 yuan / ton, at the end of the session, copper prices repaired part of the decline, closed at 47700 yuan / ton, down 10 yuan / ton
.
In terms of external trading, London copper opened at 5893.
5 US dollars / ton, slightly behind the beginning of the session, the shock rose to 5933.
5 US dollars / ton, was blocked to fall, and then along the 5900 US dollars / ton wide oscillation, the amplitude is about
30 US dollars / ton.
In the afternoon, the bears entered the market, copper prices fell to the intraday low of 5868 US dollars / ton, the low rebounded, touched the high of 5937 US dollars / ton, then the dollar rose again, London copper fell under pressure, giving up gains, as of 18:40, London copper reported 5887.
5 US dollars / ton
.
In terms of the market, the high of the US dollar fell, domestic and foreign base metals recovered the previous day's super large decline, the depreciation of the RMB was suspended, the center of gravity of Shanghai copper rose slightly from the previous day, the low level of inventory was difficult to rise, the basis of the next month was inverted 50 yuan / ton, the main force and the far month contract had no price difference, the trader's own inventory fell day by day during the week, the morning holder quoted good copper premium 140 ~ 150 yuan / ton, flat water copper premium 100 ~ 120 yuan / ton, the market inquiry atmosphere is active, the willingness to receive goods is obvious, the source of goods is collected in seconds, Led by the positive atmosphere of traders' transactions, the premium rose rapidly
.
Shanghai is experiencing typhoon weather this weekend, and even if imported copper arrives at Hong Kong, it is difficult to disembark and clear customs
.
The market supply is tight, holders follow the trend to raise prices, and traders lead the market to be active
.
The intraday market continues to be in the hands of
sellers.
The market may continue to rise at a low level, and buying on the dip may make the futures rise
together.
In the afternoon, the market fell slightly, the premium continued to rise, and the downstream and traders had a positive atmosphere of inquiry, but the holders were reluctant to sell at a high price and prepare
for Monday.
The Shanghai copper volatility narrowed during the day, showing a trend of rushing higher and falling, and the main contract closed at 47,700 yuan, down 0.
02%.
On the plate, after the plunge, the rebound was weak, and although the trading volume decreased, it was still at a high level, indicating that the long and short trading was scorching
.
The US dollar fell slightly after a new high, and the current copper price is still under pressure, short-term benefits are limited, copper prices are expected to remain weak, and downstream on-demand purchases are the mainstay
.
