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Copper fluctuates in a narrow range and the rebound is not large

 Last Update: 2022-12-01
 Source: Internet
 Author: User

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1.
Summary of copper prices in major domestic cities

market	name of article	Material	Price range		Change	remark
Guangdong spot	1# Copper	1 #	37690-37890	Yuan/ton	340	Tax included
Shanghai spot	1# Copper	1 #	37650-37750	Yuan/ton	240	Tax included
Shanghai spot	Flat water copper		37650-37730	Yuan/ton	240	Tax included
Shanghai spot	Liters of copper		37670-37750	Yuan/ton	240	Tax included
Shanghai	1# Copper	1 #	37650-37750	Yuan/ton	300	Tax included
Foshan spot	1# Electrolytic copper plate	1 #	35100-35300	Yuan/ton	200	Tax not included
Jinan spot	1# Copper	1 #	37750-37750	Yuan/ton	300	Tax included
Shenyang spot	1# Copper	1 #	37850-37850	Yuan/ton	300	Tax included
Beijing spot	1# Copper	1 #	37800-37800	Yuan/ton	300	Tax included
Tianjin spot	1# Copper	1 #	37800-37800	Yuan/ton	300	Tax included
Wuxi spot	1# Copper	1 #	37800-37800	Yuan/ton	300	Tax included
Xi'an spot	1# Copper	1 #	37850-37850	Yuan/ton	300	Tax included
Chongqing spot	1# Copper	1 #	37850-37850	Yuan/ton	300	Tax included
Guangzhou spot	1# Copper	1 #	38010-38010	Yuan/ton	350	Tax included
Wuhan spot	1# Copper	1 #	37800-37800	Yuan/ton	300	Tax included
Kunming spot	1# Copper	1 #	37900-37900	Yuan/ton	300	Tax included

market name of article Material Price range Change remark Guangdong spot 1# Copper 1# 37690-37890 Yuan/ton 340 Tax included Shanghai spot 1# Copper 1# 37650-37750 Yuan/ton 240 Tax included Shanghai spot Flat water copper 37650-37730 Yuan/ton 240 Tax included Shanghai spot Liters of copper 37670-37750 Yuan/ton 240 Tax included Shanghai 1# Copper 1# 37650-37750 Yuan/ton 300 Tax included Foshan spot 1# Electrolytic copper plate 1# 35100-35300 Yuan/ton 200 Tax not included Jinan spot 1# Copper 1# 37750-37750 Yuan/ton 300 Tax included Shenyang spot 1# Copper 1# 37850-37850 Yuan/ton 300 Tax included Beijing spot 1# Copper 1# 37800-37800 Yuan/ton 300 Tax included Tianjin spot 1# Copper 1# 37800-37800 Yuan/ton 300 Tax included Wuxi spot 1# Copper 1# 37800-37800 Yuan/ton 300 Tax included Xi'an spot 1# Copper 1# 37850-37850 Yuan/ton 300 Tax included Chongqing spot 1# Copper 1# 37850-37850 Yuan/ton 300 Tax included Guangzhou spot 1# Copper 1# 38010-38010 Yuan/ton 350 Tax included Wuhan spot 1# Copper 1# 37800-37800 Yuan/ton 300 Tax included Kunming spot 1# Copper 1# 37900-37900 Yuan/ton 300 Tax included market name of article Material Price range Change remark Market market Product name, product name Material material Price RangePrice Range Ups and downs Remarks Note: Remarks Guangdong spot 1# Copper 1# 37690-37890 Yuan/ton 340 Tax included Guangdong spot 1# Copper 1# 37690-37890 Yuan/ton 340 Tax included Shanghai spot 1# Copper 1# 37650-37750 Yuan/ton 240 Tax included Shanghai spot 1# Copper 1# 37650-37750 Yuan/ton 240 Tax included Shanghai spot Flat water copper 37650-37730 Yuan/ton 240 Tax included Shanghai spot Flat water copper 37650-37730 Yuan/ton 240 Tax included Shanghai spot Liters of copper 37670-37750 Yuan/ton 240 Tax included Shanghai spot Liters of copper 37670-37750 Yuan/ton 240 Tax included Shanghai 1# Copper 1# 37650-37750 Yuan/ton 300 Tax included Shanghai 1# Copper 1# 37650-37750 Yuan/ton 300 Tax included Foshan spot 1# Electrolytic copper plate 1# 35100-35300 Yuan/ton 200 Tax not included Foshan spot 1# Electrolytic copper plate 1# 35100-35300 Yuan/ton 200 Tax not included Jinan spot 1# Copper 1# 37750-37750 Yuan/ton 300 Tax included Jinan spot 1# Copper 1# 37750-37750 Yuan/ton 300 Tax included Shenyang spot 1# Copper 1# 37850-37850 Yuan/ton 300 Tax included Shenyang spot 1# Copper 1# 37850-37850 Yuan/ton 300 Tax included Beijing spot 1# Copper 1# 37800-37800 Yuan/ton 300 Tax included Beijing spot 1# Copper 1# 37800-37800 Yuan/ton 300 Tax included Tianjin spot 1# Copper 1# 37800-37800 Yuan/ton 300 Tax included Tianjin spot 1# Copper 1# 37800-37800 Yuan/ton 300 Tax included Wuxi spot 1# Copper 1# 37800-37800 Yuan/ton 300 Tax included Wuxi spot 1# Copper 1# 37800-37800 Yuan/ton 300 Tax included Xi'an spot 1# Copper 1# 37850-37850 Yuan/ton 300 Tax included Xi'an spot 1# Copper 1# 37850-37850 Yuan/ton 300 Tax included Chongqing spot 1# Copper 1# 37850-37850 Yuan/ton 300 Tax included Chongqing spot 1# Copper 1# 37850-37850 Yuan/ton 300 Tax included Guangzhou spot 1# Copper 1# 38010-38010 Yuan/ton 350 Tax included Guangzhou spot 1# Copper 1# 38010-38010 Yuan/ton 350 Tax included Wuhan spot 1# Copper 1# 37800-37800 Yuan/ton 300 Tax included Wuhan spot 1# Copper 1# 37800-37800 Yuan/ton 300 Tax included Kunming spot 1# Copper 1# 37900-37900 Yuan/ton 300 Tax included Kunming spot 1# Copper 1# 37900-37900 Yuan/ton 300 Tax included

2.
Market review

Last night, Shanghai copper rushed high after the resistance to fall, low to 37460 yuan to stabilize and rise, today Shanghai copper maintained a high narrow range of shock, the current month 1601 contract opening price of 35930 yuan / ton, as of 14:40 p.
m.
, the latest price is 35940 yuan / ton, up 130 yuan; The lowest price of the day is 35930 yuan / ton, and the highest price is 35940 yuan / ton
.
The main opening price of Shanghai copper was 38400 yuan / ton, as of 14:40 pm, the latest price was 37880 yuan / ton, up 130 yuan; The lowest price during the day was 37460 yuan / ton, and the highest price was 38570 yuan / ton
.

Copper period

Externally, London copper futures today retreated from the near four-week highs hit in the previous session, but are still on track for their strongest weekly performance since early March, as signs of improved Chinese demand boosted sentiment
.
Three-month copper on the London Metal Exchange (LME) slipped 0.
4 percent to $4,979 a tonne, erasing a slight gain that hit a four-week high of $5,065 last day
.
Copper prices are on track for a weekly gain of 3.
4% this week, in line with last week's gain and the biggest
since early March.

3.
Overview of the domestic copper market

On the macro front, data released by the U.
S.
Department of Labor on Thursday showed that U.
S.
jobless claims unexpectedly fell last week, hitting the lowest level since 1973, supporting expectations of a U.
S.
economic recovery and boosting copper prices higher, but weighed down by the rise in the dollar, copper prices were limited
.
Domestically, recently released Chinese data is generally good, industrial production and investment data in March are higher than expected, real estate sales soared in the first quarter, exports increased, credit growth was higher than expected, good data brought optimism to the metals market, and copper prices are expected to stabilize
in the short term.

Today's Shanghai electrolytic copper spot report discount 170 yuan / ton - discount 120 yuan / ton, flat water copper transaction price 37650 yuan / ton -37730 yuan / ton, premium copper transaction price 37670 yuan / ton - 37750 yuan / ton
.
Shanghai copper fluctuated in a narrow range, but slightly higher than yesterday, the current copper discount slightly expanded, but due to the long-term replacement demand of traders, the market is more favored by flat water copper and wet copper, low-price transactions are more active, so that such copper discount expansion range is better copper less, the overall transaction of the market is light, downstream continue to buy goods on demand, the transaction first rises and then suppresses, mainly middlemen
.

4.
Copper closing situation

After today's open, crude oil rose, black highs were blocked and pullback, A-shares continued to fluctuate weakly, and domestic Shanghai copper fluctuated
in a narrow range throughout the day.
Shanghai copper 1606 main contract after the opening around the 37800-38000 line of sorting, fluctuation range, the final noon stopped at 37850, the afternoon continued the shock trend, the rebound range is not large, the end of the final close of 37970 yuan / ton, up 220 yuan / ton, up 0.
58%.

Today's Shanghai copper high is blocked pullback sorting, long and short have successively reduced positions, the market should still need to pull back to gain momentum, pay attention to the support
around 37400 yuan / ton in the evening.

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