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    Home > Chemicals Industry > New Chemical Materials > The market performance is calm and copper prices are volatile

    The market performance is calm and copper prices are volatile

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    On Wednesday, the main force of Shanghai copper in the morning 1905 months opened at 48400 yuan / ton, copper prices after the opening of the performance of shocks, before the afternoon basically hovered above the daily moving average 48380-48460 yuan / ton range, during the beginning of the session affected by the external market, short positions reduced, copper price shock high 48510 yuan / ton, noon copper price slightly lower, fell to below the daily average of 48360 yuan / ton nearby, tested down 48340 yuan / ton after the price rose back above the daily moving average, the shock closed at 48400 yuan / ton line, It closed at 48390 yuan / ton, up 130 yuan / ton, or 0.
    27%.

    Copper prices

    In terms of external trading, Asian market, London copper opened at 6355 US dollars / ton, copper price performance after the opening slightly higher, briefly climbed the intraday high of 6366 US dollars / ton, affected by the US index, copper prices began to fluctuate downward, until noon, copper prices closed at 6347 US dollars / ton position, at the end of the Asian market, the volatility intensified, London copper tested 6338 US dollars / ton, and then entered the European market, copper prices followed the fall of crude oil, opened the downward mode, tested down 6324 US dollars / ton, as of 17:00, London copper reported $6326.
    5 / ton.

    In terms of the market, although Shanghai copper continued to hover at a low level, the center of gravity of operation was slightly higher than the previous day, and the cargo holders maintained a stable attitude towards quotations, neither arbitrarily raising the water up, nor deliberately lowering the intention
    of seeking transactions.
    In the morning market, flat water copper was reported as a premium of 980~1000 yuan / ton, and a good copper quotation was 1080~1100 yuan / ton, until the end of the afternoon market, the market performance was calm, and the quotation remained stable
    .
    There are still bargain hunters downstream that need to be replenished, and trade flows have been significantly reduced
    .
    Some small enterprises continue to report the source of next month's invoices, and the next month's invoice flat water copper discount is about 150 yuan / ton, and the good copper discount is 80 ~ 60 yuan / ton, but there are few receivers, and the quotation is not stable
    .
    Near the end of the month, the quotation of the current month's invoice should gradually stabilize, and it is difficult to show a big change
    .
    In the afternoon, the market continued to be cautious and wait-and-see, and near the end of the month, both buyers and sellers were waiting for the market conditions to change after the month, so the premium of the holders remained firm and the transaction was deadlocked
    .

    During the day, Shanghai copper ranked first in the nonferrous sector capital outflow, with an outflow of 274 million
    .
    During the day, the main closing body of Shanghai copper was supported by the lower band of the Bollinger curve, the upper shadow was elongated and adhered to the 60-day moving average, and the KDJ indicator J line turned down to up, and the technical picture improved
    .
    Wait for the guidance of the external market and continue to test whether the main force of Shanghai copper can hold the victory fruit around 48,500 yuan / ton
    .

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