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On Wednesday, the main contract of Shanghai copper 1910 opened at 46340 yuan / ton in the morning, opened slightly to test the high of 46410 yuan / ton, and then immediately fell to around 46350 yuan / ton, the center of gravity and here oscillated for a period of time
.
Then the center of gravity continued to move up to around 46380 yuan / ton until the end of noon, the center of gravity continued to maintain around this in the afternoon shock finishing until the close, the end of the session slightly pulled up and closed at 46430 yuan / ton, down 210 yuan / ton, down 0.
45%, the overall daily fluctuation price difference within 100 yuan / ton, copper price center of gravity basically stable
.
In terms of external trading, Apanlon copper opened at 5720 US dollars / ton, touching a low of 5713.
5 US dollars / ton in the morning, and then as the market gradually digested the recent macro bearishness, safe-haven gold performance weakened, copper market bears took advantage of the low level to close positions, the overall center of gravity of copper prices slowly moved up, the upward trend continued to the European market, the session successfully stood at the $5740 mark, testing higher than $5747 / ton
.
As of 17:30, London copper was trading at $5746.
5 / ton, up 0.
49%.
In terms of the market, Shanghai copper fell under pressure to 46300 yuan / ton line, copper futures fell holders rose to the mood is stronger, morning market quotation premium 70 ~ premium 90 yuan / ton, some flat water copper can be pressed to 50 yuan / ton, a small amount of good copper premium 70 yuan / ton, ushered in a wave of positive trading, low-priced sources still attract some traders to buy, morning trading is acceptable, but when entering the second trading session, it is already difficult to find low-priced sources, flat water copper quotations are stable at 60 ~ 70 yuan / ton, Good copper is stable at 80 ~ 90 yuan / ton, and the transaction is not as proactive as in the morning; Some downstream bargain buying made the already scarce wet copper premium continue to rise slightly to 30~40 yuan / ton
.
During the day, the market transaction was significantly more active than at the beginning of the week, and the enthusiasm for trading improved, but the mainstream market transaction before the delivery of long-term orders was still dominated by traders
.
The spot market continued to remain deadlocked in the afternoon, as the market transaction situation improved slightly due to the recent demand for long orders in the market, which also provided a reason for holders to hold prices, and the afternoon market was difficult to find low prices
.
In the afternoon, flat water copper reported a premium of 60-70 yuan / ton, a good copper report of 80-a liter of 90 yuan / ton, and the transaction price was in the range of 46380 yuan / ton - 46430 yuan / ton
.
The overall fluctuation of Shanghai copper during the day is small, the market is at a low level, the weakness of the economy makes it difficult for Shanghai copper to go higher, the uncertainty of trade has aggravated the market's concerns about the economy, and the market lacks confidence
in copper prices.
Shanghai copper closed negative during the day, the upper resistance level was under pressure on multiple moving averages, KDJ indicators formed a dead cross downward expansion, and the technical bearish Shanghai copper information was more
.
Wait for external guidance to test whether Shanghai copper can continue to hold the recent low mark of 46,300 yuan / ton
.
