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August 12 Shanghai copper noon review

 Last Update: 2022-12-19
 Source: Internet
 Author: User

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aluminum copper

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In the last trading day, Shanghai copper main Cu2009 opened high and low, the lowest was 50310, the highest was 51100, and closed at 50340, up 0.
22%, the trading volume fell by 89,000 lots; the night trading was in a narrow range
.
LME copper was also volatile, closing at 6405, essentially unchanged
from the previous day.

Shanghai copper

In the last trading day, the average price of electrolytic copper in Shanghai Nonferrous Metal Network 1# was 50800, up 710, and the spot premium was 100, and the premium range remained unchanged
.
Copper stocks in the previous trading day increased by 866 tonnes to 65,050 tonnes, and LME copper stocks increased by 250 tonnes, with little change overall
.

At the macro level, U.
S.
stocks opened higher last night, plunged sharply at the end of the day, and the dollar index continued its rebound, putting pressure
on copper prices.
Russia's first coronavirus vaccine has been licensed by the Ministry of Health, and White House advisers said Trump will hold a press conference to update the progress of six vaccines, and precious metal prices fell
sharply last night.

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