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The Shanghai copper shock rebound trend was boosted by positive news

 Last Update: 2022-12-12
 Source: Internet
 Author: User

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high pressure cell

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Today's Shanghai copper rose in early trading to touch the 50,000 resistance level, and the main contract closed at 49,950 points, up 0.
75%.

From a plate point of view, the 40-day moving average put pressure above the integer level, and whether it can stand at the threshold in the near future is particularly important for the subsequent trend, and the short-term moving average began to form support around 49500 points, and the volume increased significantly to provide upward momentum
.
Macro bullish digestion has been boosted, but short-term pressure is strong, and copper prices are expected to rebound in
shocks.

Shanghai copper

South Reserve East China: the average spot price of electrolytic copper was 49490 yuan / ton, up 30 yuan / ton; Liter discount quotation, 30 to 60 yuan, down 15
.
In East China, there are more shippers in the market, while the willingness of downstream and traders to receive goods is weakened, and the difficulty of transaction makes the holders lower the premium to attract transactions, and then hear that there are large households receiving goods, the premium began to stabilize, and the overall trading was slightly flat
.
Today's premium copper mainstream trading pair futures contract premium 50-60 yuan, flat water copper premium 20-30 yuan, wet copper flat water
.

South China Reserve: The average spot price of electrolytic copper was 49,580 yuan / ton, up 30 yuan / ton; Liter discount quotation, 120 to 150 yuan, down 20
.
In Guangdong, the import arrival volume has increased significantly, and the holders have unintentionally raised the price and have reduced the price of shipments, so that the intraday premium continues to decline, while the receivers are also bearish on the future market, and the enthusiasm for replenishment is not high
.
Overall, today's transaction is quieter and weaker than yesterday's
.
Today's premium copper mainstream trading pair futures contract premium 150 yuan / ton, flat water copper premium 110-130 yuan / ton
.

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