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Consumption is in a state of repair Shanghai copper continues to rise

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

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Today, Shanghai copper continued to rise, the main month 2008 contract opened at 48350 yuan / ton, the highest intraday 48800 yuan / ton, the lowest 48270 yuan / ton, settled 48560 yuan / ton, closed 48790 yuan / ton, up 440 yuan
.
The trading volume of the main 2008 contract of Shanghai copper increased by 4571 lots 105873 lots, and the position increased by 3993 to 124357 lots
.

Shanghai copper

In terms of external trading, during the Asian session, London copper opened high, and the latest quotation at 15:00 Beijing time was 6013.
5 US dollars / ton, up 44.
5 US dollars, or 0.
75%.

In terms of the market, today's domestic spot copper prices rose, Yangtze River nonferrous metal network 1# copper price was reported at 48950 yuan / ton, up 230 yuan, 130-190 liters; Guangdong spot 1# copper price was reported at 48980 yuan / ton, up 170 yuan; Yangtze River spot 1# copper price 49020 yuan / ton, up 250 yuan, premium 220-liter 240; Shanghai spot 1# copper price was 48910 yuan / ton, up 140 yuan
.

In the spot market, holders took the initiative to reduce the premium, the market arrival increased, the downstream fear of heights maintained rigid demand, and the characteristics at the end of the month were obvious
.
China's demand recovery is expected to be optimistic, enterprise production and operation continue to improve, supply and demand continue to pick up, in addition to Chilean copper mine supply disturbance intensified, providing strong support
for copper prices.

At present, consumption is in a state of repair, real estate is still the main force of copper demand, the peak season of air conditioning production may be continued, and spot copper prices are expected to rise
.

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