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Thursday Shanghai copper 09 contract opened at 51230 yuan / ton in the morning, after the opening of the long position copper price fell, down 50850 yuan / ton after the low has recovered, briefly returned to 51000 yuan / ton above, sideways around 51300 yuan, the second trading session, Shanghai copper main force fell again, struggling near the 51000 yuan mark, afternoon opening, that is, short position increase pressure, copper prices in the break of 51000 yuan after accelerating the decline, down to the intraday low of 50580 yuan / ton, the end of the short head separation field, The plate temporarily got out of the low, and finally closed at 50710 yuan / ton, down 1780 yuan / ton, down 3.
4%.
In terms of the external disk, Apanlun copper opened high at 6404 US dollars / ton, and the early copper jumped into the water
.
After the opening of Shanghai copper, the market accelerated to 5352.
5 US dollars / ton, and then quickly rebounded to 6401 US dollars / ton
.
However, dragged down by the downward trend of crude oil, the center of gravity of London copper shifted downward, trading sideways along 6355 US dollars / ton
.
At the end of the Asian session, bears concentrated on the entry, and London copper fell rapidly to test the intraday low of 6306 US dollars / ton, and after finding support, London copper rebounded upward
.
Entering the European session, London copper continued to rise and returned to consolidation
near the daily moving average.
As of 17:00, London copper closed at $6341/ton, down $53.
5/ton, down 0.
84%.
The United States said that it will impose sanctions on some Huawei employees, Sino-US tensions continue to ferment, investors are worried about the market, and copper prices are under certain pressure
.
In terms of the market, intraday Shanghai copper continued its overnight decline, and then fell by more than 1,000 yuan, and the market was almost 51,000 yuan / ton mark
.
If the decline slows down, the downstream market buying will gradually pick up and rise, and the premium will show a stable and firm trend before the delivery source flows out
.
In the afternoon, the market fell below 51,000 yuan / ton after the low pointed to 50,750 yuan / ton, spot prices continued to hold steady at flat water copper premium 40 yuan / ton, good copper premium 50-60 yuan / ton, the transaction price fell to 50780-51060 yuan / ton
.
Shanghai copper fell sharply during the day, running below
the daily moving average.
Recently, tensions between China and the United States have further escalated
.
The United States said that it will impose visa restrictions on specific employees of Chinese technology companies, including Huawei, global investors are worried that trade relations between the two countries have deteriorated again and hurt the economy, the collapse of A-shares dragged down the market investment sentiment and put pressure on the commodity market, so that the intraday commodity market was green, oil prices led the decline to lead copper prices downward, Shanghai copper closed negative during the day, giving up the previous three days' gains, MACD red column contracted significantly, close to the 10-day moving average below, because the copper market fundamentals did not change much, pay attention to the external guidance in the evening, Test whether Shanghai copper can return to the 51,000 yuan / ton mark
.
