echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Brief review of Shanghai copper on March 9

    Brief review of Shanghai copper on March 9

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
    Tags

    cd 1 2

    ship

    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Today's Shanghai copper main range volatility, last night Shanghai copper low opened rebound after falling into weakness, intraday copper market overall amplitude is limited
    .
    At the end of the day, the main 2204 contract of Shanghai copper closed at 72720, down 800, or 1.
    09%.

    The overseas nickel market forced to pause, the market fell into a wait-and-see state, affecting the overall momentum of non-ferrous metals is weak, and Shanghai copper maintained a slight fluctuation during the day
    .

    Shanghai copper

    Recently, Russia and Ukraine opened negotiations, the market remained cautious, and the price fell due to the high liquidation of bulls, but the overall trend has not changed
    .
    In the spot market, copper prices fell and consumer sentiment improved slightly, middlemen actively shipped at high prices, but high prices were still difficult to come out, intraday flat water copper mainstream trading is rising around 140 yuan, good copper mainstream trading is rising around 150 yuan, wet copper is rare
    .

    At present, there is no data on copper fundamentals, the market still has a peak consumption season expectation, affected by the conflict between Russia and Ukraine, the current copper price is mainly affected by surrounding metals and market news, it is expected that Shanghai copper will maintain a narrow range of shock overnight, support strong but insufficient upward momentum, pay attention to the main force of Shanghai copper 7.
    2-73,000
    .
    It is worth noting that the nickel market is still uncertain, and it is expected that the market will fluctuate greatly with
    the gradual delivery of overseas nickel short orders.
    The operation loader can properly ship the goods to avoid risk, and the downstream just needs to prepare the goods
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.