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    Home > Chemicals Industry > New Chemical Materials > The center of gravity of copper is maintained and the long and short sides are in a stalemate

    The center of gravity of copper is maintained and the long and short sides are in a stalemate

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
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    On Wednesday, the main copper contract 2002 opened at 48730 yuan / ton in the morning, and then the long and short sides were in a stalemate, winding around the daily moving average, and the center of gravity remained stable around 48730 yuan / ton until the end of midday; In the afternoon, the bulls continued to increase their positions strongly, and Shanghai copper once again rushed to the highest point of the day at 49,060 yuan / ton, and closed at 49,000 yuan / ton at the end of the session, up 420 yuan / ton, or 0.
    86%.

    Copper period

    In terms of external trading, Apanlon copper opened low at 6086 US dollars / ton, after the opening as the market waited for the guidance of trade sentiment, copper prices showed a shock structure, the maximum amplitude in the morning reached 15 US dollars / ton, and the afternoon test was 6078 US dollars / ton
    .
    Then entered the end of the Asian session, copper prices showed a straight upward rush, the overall center of gravity moved up to around 6113 US dollars / ton, bulls were active, short-term high 6123.
    5 US dollars / ton
    .
    As of 17:30, London copper closed at $6116/ton, up 0.
    37%.

    In terms of the market, Shanghai copper still remained high and fluctuated at 48,500 yuan / ton
    .
    Copper prices continue to be strong, holders are due to concentrated shipments for cash pressure premium continued to fall, the morning market is quoted flat water ~ 20 yuan / ton, flat water copper has room for price pressure, 10 yuan / ton of flat water copper source was quickly received, and by traders widely inquired, showing obvious willingness to receive discounts, good copper concentrated transaction in the premium 10 ~ premium 20 yuan / ton, wet copper followed the quotation down, the quotation concentrated in the discount 40 ~ discount 30 yuan / ton
    。 The price difference in the next month is about 100 yuan, the holder is unwilling to quote too low to ship, the discount still has a certain attraction for traders, the decline in the premium has temporarily slowed down, but the downstream transaction of copper high is still limited, and the short-term spot quotation may show a stalemate pattern
    .
    In the afternoon, due to the recent sharp strengthening of market prices, the demand for low-priced sources was driven, so the market inquiry was active, and holders took the opportunity to raise prices
    .

    At present, the market's confidence in the global macro atmosphere has increased, the European economic prosperity index has also performed well in recent days, and the domestic social finance data has performed well, boosting market confidence, and bulls have taken the opportunity to enter
    strongly.
    It is necessary to pay attention to the cover of the gap in the early stage to verify whether the trend of Shanghai copper bulls can continue
    .

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