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Thursday's Shanghai copper main contract 2002 opened at 49150 yuan / ton in the morning, and then the center of gravity moved down slightly to around 49130 yuan / ton, near the end of midday short-term rush intraday high point of 49240 yuan / ton, after a slight exploration of the market to continue to rush up tangled emotions, the high is difficult to stand, and then the center of gravity returned to around 49160 yuan / ton, the end of the session fell slightly and closed at 49030 yuan / ton, up 230 yuan / ton, or 0.
47%.
In terms of external trading, Apanlon copper opened at 6147.
5 US dollars / ton, the center of gravity of copper prices in the morning was basically stable around 6140 US dollars / ton, until noon, guided by the favorable market sentiment, the center of gravity of copper prices moved up to around 6155 US dollars / ton, and the noon test was 6158 US dollars / ton
.
But then near the European session, bears began to concentrate on increasing positions, copper prices began to slowly decline, reaching a low of $6116 / ton
.
As of 18:00, London copper closed at $6125/ton, down 0.
32%.
In the market, Shanghai copper rose to 48,900 yuan / ton in early trading, an increase of more than 400 yuan / ton
.
The price difference in the next month is about 80 yuan / ton, the far month has completely broken through the rush above 49,000 yuan / ton, the spot market morning market quotation premium 20 ~ premium 40 yuan / ton, similar to yesterday afternoon quotation, but the market is afraid to stop and wait and see, holders are forced to slightly lower the quotation, flat water copper in the premium 10 yuan / ton first-line stability, a small number of holders can have a price space, good copper in the premium 20 yuan / ton, downstream fear of heights is strong, buying interest is suppressed, wet copper quotations concentrated around 30 yuan / ton, The price difference between flat water copper and good copper narrows only 10 yuan, it is difficult to have profit margins, and trade speculation willingness continues to be frustrated
.
Copper has risen for many days, the market is waiting and seeing, copper prices are high and trading is difficult to unfold, although traders have the willingness to receive goods, but expect the source of discount supply is difficult to reach their wishes, supply and demand are more likely to fall into a standoff
.
In the afternoon, due to the weakening of trade enthusiasm, market holders once again slightly lowered their quotations, but the actual price was still difficult to attract the market to actively trade, and the overall trading situation was
deadlocked.
In the afternoon, flat water copper reported flat water - liter 20 yuan / ton, good copper reported 20 - liter water 30 yuan / ton, the transaction price was in the range of 48900-48930 yuan / ton
.
From the recent economic data in Europe, the recent data has warmed up, and the low level has stabilized, which is difficult to stimulate
copper prices.
At present, the macro global economy continues to improve, the current labor market in the United States is still strong, the overall economy still maintains a continuous expansion trend, market confidence continues to strengthen, and Shanghai copper can maintain a stable high
.
Watching major events such as the UK election and ECB President Christine Lagarde's press conference will further guide the market
.
