copper:
On Thursday morning, Shanghai Copper opened with a daily limit, but then unsealed it in a large amount of liquidation orders, and withdrew back about 1.2% at the deepest level. During this period, spot dealers generally responded to the market's high demand for receiving goods, but then they both held stocks and crude oil. Stability, market pressure gradually closed, the price gradually stabilized until early closing, Shanghai copper has returned to the vicinity of the time-sharing chart average, according to the copper rose yesterday to roughly calculate, in fact, the performance of Shanghai copper upside weakness on Thursday Still a bit shy. After 10 o'clock, the rebound is mainly based on shrinkage. The short-term market may still be repeated. However, the daily line is indeed a shock to the decline since early November. The bulls' strength is still dominant in the near future. The stability of the time-share chart above the time-average line was earlier accepted by the market, and the probability of an overnight increase was still high, otherwise, the market was maintained.
aluminum:
On Thursday morning, Shanghai Aluminum went up following the non-ferrous market. However, the price of the aluminum futures dropped back to near the top of the recent oscillating range at around 16200. The turnover increased slightly but the lightening still dominated. If the score is stable, the market is correct for the high jump. Confirmation of the magnitude, the trend of the market has remained relatively high in recent days;
Zinc:
Shanghai zinc fell back after the morning opened higher, measuring about 2.2%, which is larger than copper and lower than lead, and then the price entered a narrow range of 15740-15830. It was located on the 30-minute line and was at the lower part of the opening of the Great Yinxian. The short-term performance in the morning was weak, and it remained stable in the afternoon. However, it is not recommended to leave the product overnight.
Basics
Copper: Shanghai Electrolytic Copper spot price discounted at 50 yuan/ton to 150 yuan/ton for premiums, and spot high recovery enthusiasm was limited. Spot premium dropped sharply. Transaction price was 58250-58400 yuan/ton, and imported water copper appeared to be discounted. As the price of copper rose too fast, the downstream could not determine the direction of the market outlook. Most of them remained on the sidelines. Some speculators were attracted to the market by low premium, especially good copper. The transaction was favored, and the situation was significantly different from that of bad copper.
Aluminium: Shanghai's current aluminum trading range was 16220-16250 yuan/ton on Thursday, and premium was 20-50 yuan/ton; the current aluminum price range in Wuxi was 16210-16260 yuan/ton. Spot aluminum prices rose significantly during the follow-up period. Due to the excessive increase in aluminum prices, the downstream remained cautious. With less willingness to rise, rallies were relatively limited. The price of holders gradually shifted downwards, and the overall market conditions were relatively flat.
Zinc: The spot market appears to have a discounted pattern. Zinc No. 0 transaction price is concentrated in the range of RMB 15,700-15,750/tonne. The premium for the February contract is 80, and the discounted water price increases the value of the trader's purchase. The downstream market is due to the rise in zinc price today. And the future trend is not clear, so the purchase of goods is less cautious buying, while zinc prices rose smelter reluctant sellers sentiment has loosened, shipments are more active, 1 zinc transactions in 15650-15700 yuan / ton, the overall trading activity than yesterday .
Lead: spot prices lead brand lead early reported 15,750 yuan / ton, but the high price is difficult to trade, Chihong zinc barium traded at 15,720 yuan / ton, Chengyuan, South, Shuikoushan 15650-15700 yuan / ton, the old lead less Have heard 15620 yuan / ton, on the futures discount 50-150 yuan / ton range. The market is uncertain about the uptrend. It is still mainly on the wait-and-see basis. The volume of sales is light.
On Thursday morning, Shanghai Copper opened with a daily limit, but then unsealed it in a large amount of liquidation orders, and withdrew back about 1.2% at the deepest level. During this period, spot dealers generally responded to the market's high demand for receiving goods, but then they both held stocks and crude oil. Stability, market pressure gradually closed, the price gradually stabilized until early closing, Shanghai copper has returned to the vicinity of the time-sharing chart average, according to the copper rose yesterday to roughly calculate, in fact, the performance of Shanghai copper upside weakness on Thursday Still a bit shy. After 10 o'clock, the rebound is mainly based on shrinkage. The short-term market may still be repeated. However, the daily line is indeed a shock to the decline since early November. The bulls' strength is still dominant in the near future. The stability of the time-share chart above the time-average line was earlier accepted by the market, and the probability of an overnight increase was still high, otherwise, the market was maintained.
aluminum:
On Thursday morning, Shanghai Aluminum went up following the non-ferrous market. However, the price of the aluminum futures dropped back to near the top of the recent oscillating range at around 16200. The turnover increased slightly but the lightening still dominated. If the score is stable, the market is correct for the high jump. Confirmation of the magnitude, the trend of the market has remained relatively high in recent days;
Zinc:
Shanghai zinc fell back after the morning opened higher, measuring about 2.2%, which is larger than copper and lower than lead, and then the price entered a narrow range of 15740-15830. It was located on the 30-minute line and was at the lower part of the opening of the Great Yinxian. The short-term performance in the morning was weak, and it remained stable in the afternoon. However, it is not recommended to leave the product overnight.
Basics
Copper: Shanghai Electrolytic Copper spot price discounted at 50 yuan/ton to 150 yuan/ton for premiums, and spot high recovery enthusiasm was limited. Spot premium dropped sharply. Transaction price was 58250-58400 yuan/ton, and imported water copper appeared to be discounted. As the price of copper rose too fast, the downstream could not determine the direction of the market outlook. Most of them remained on the sidelines. Some speculators were attracted to the market by low premium, especially good copper. The transaction was favored, and the situation was significantly different from that of bad copper.
Aluminium: Shanghai's current aluminum trading range was 16220-16250 yuan/ton on Thursday, and premium was 20-50 yuan/ton; the current aluminum price range in Wuxi was 16210-16260 yuan/ton. Spot aluminum prices rose significantly during the follow-up period. Due to the excessive increase in aluminum prices, the downstream remained cautious. With less willingness to rise, rallies were relatively limited. The price of holders gradually shifted downwards, and the overall market conditions were relatively flat.
Zinc: The spot market appears to have a discounted pattern. Zinc No. 0 transaction price is concentrated in the range of RMB 15,700-15,750/tonne. The premium for the February contract is 80, and the discounted water price increases the value of the trader's purchase. The downstream market is due to the rise in zinc price today. And the future trend is not clear, so the purchase of goods is less cautious buying, while zinc prices rose smelter reluctant sellers sentiment has loosened, shipments are more active, 1 zinc transactions in 15650-15700 yuan / ton, the overall trading activity than yesterday .
Lead: spot prices lead brand lead early reported 15,750 yuan / ton, but the high price is difficult to trade, Chihong zinc barium traded at 15,720 yuan / ton, Chengyuan, South, Shuikoushan 15650-15700 yuan / ton, the old lead less Have heard 15620 yuan / ton, on the futures discount 50-150 yuan / ton range. The market is uncertain about the uptrend. It is still mainly on the wait-and-see basis. The volume of sales is light.
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