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    Home > Chemicals Industry > New Chemical Materials > After the Shanghai copper high open, the market fluctuated to the downside, and the overall trading volume of the market was limited

    After the Shanghai copper high open, the market fluctuated to the downside, and the overall trading volume of the market was limited

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    Today's Shanghai copper high opening surface oscillated downward, the main month 2109 contract opened at 72110 yuan / ton, the highest intraday 72410 yuan / ton, the lowest 71690 yuan / ton, settled 72010 yuan / ton, closed 71850 yuan / ton, down 160 yuan
    .
    The trading volume of the main 2109 contract of Shanghai copper decreased by 35,051 lots 132217 the whole day, and the position increased by 954 lots 138433
    .

    Shanghai copper

    During the Asian session, London copper opened high and turned downward, and the latest quotation at 15:01 Beijing time was 9743 US dollars / ton, down 47 US dollars, or 0.
    48%.

    Today's domestic spot copper prices fell, Yangtze River nonferrous metal network 1# copper price was reported at 72380 yuan / ton, down 340 yuan, premium 320-liter 380; Guangdong spot 1# copper price was 72050 yuan / ton, down 600 yuan; Yangtze River spot 1# copper 72390 yuan / ton, down 320 yuan, premium 330-premium 350; Shanghai spot 1# copper price was 72370 yuan / ton, down 295 yuan
    .

    In the spot market, the quotations of holders are relatively firm, traders receive goods at multiple prices, supply and demand have shrunk, the overall trading volume is limited, and the trading is relatively quiet
    .
    At present, copper concentrate processing fees continue to rise, copper prices return to more than 72,000 yuan / ton, downstream replenishment willingness may be affected; The plunge in domestic stock markets this week has boosted risk aversion in the market, and the Fed's interest rate decision is imminent, so the market may still maintain a relatively wait-and-see attitude
    .

    Industry news, the latest news said that the Kamoa copper mine surface yard has reserves of about 1.
    18 million tons of ore grading 4.
    74% copper, including 551,000 tons of high-grade ore grading 6.
    34%
    copper.

    Recently, the domestic smelting industry has been disrupted again, a smelter in Shandong Province accidentally stopped production due to an accident in the middle of the month, and the summer peak electricity consumption increased the operation interference of the smelting industry, in addition, the downstream power grid order improvement demand rebounded, superimposed on the reduction of scrap copper use cost performance led to some downstream enterprises purchasing refined copper replacement, resulting in a decline in refined copper inventory and refined copper inventory continued to destock, and copper is expected to rise
    slightly.

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