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Last Friday, the main contract of Shanghai copper 2001 opened at 46870 yuan / ton in the morning, and then rose slightly, and the center of gravity hovered in the range of 46880-46930 yuan / ton until the end of midday; At the beginning of the afternoon, the center of gravity continued to stabilize at 46890 yuan / ton, near the close of a slight decline and low intraday low of 46850 yuan / ton, and then continued to pull the center of gravity back to around 46900 yuan / ton, closing at 46870 yuan / ton, down 230 yuan / ton, down 0.
49%.
In the external market, Apanlon copper opened higher at 5826.
5 US dollars / ton, and then due to the drag of the weak European economy and the unstable trade situation, copper prices showed slow volatility below the $5820 line in the morning, until entering the beginning of the European session, copper prices tested lower than 5812.
5 US dollars / ton
.
Subsequently, in the low bulls actively entered the market, the short-term pulling copper price up to $5863.
5 / ton, basically recovering the previous day's
decline.
As of 17:30, London copper closed at $5855.
5/ton, up 0.
6%.
In terms of the market, overnight Shanghai copper gap opened low and went below
46,900 yuan / ton.
After the fall in copper prices, the market inquiry atmosphere rises again, the morning market quotation premium 50 ~ premium 80 yuan / ton, after a short wait-and-see, flat water copper has a transaction concentrated in the premium 50 yuan / ton line, good copper quotation concentrated in the premium 70 ~ 80 yuan / ton range, the morning market once had a premium of 40 yuan / ton of flat water copper and 60 yuan / ton of good copper favored by the market, buying positive, at the beginning of the session individual holding wet copper traders quotation as low as flat water but was quickly received, the market wet copper concentrated quotation in the premium 10 ~ premium 30 yuan / ton
。 Copper fell again below 47,000 yuan / ton, superimposed on the decline in premium, downstream bargain consumption has improved, some traders entered the market to close low prices, the afternoon plate under pressure temporarily has no power to recover, spot inquiry continues to perform positively, traders are more willing to receive goods at low prices, the overall market buying interest has improved significantly compared with the previous two days, weekend trading temporarily broke the original stalemate pattern in the week
.
Shanghai copper remained low during the day, mainly due to the recent European economy continued to weaken, the minutes of the European Bank meeting once again reiterated the need to adopt a highly accommodative policy, increase the market's worries about the global macroeconomy, superimposed on the trade situation volatile and changeable, investors lowered their optimistic expectations for future trade, Shanghai copper rose lacked momentum, hovering below
the daily moving average.
