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    Home > Chemicals Industry > New Chemical Materials > Copper prices rose strongly on Friday and are expected to be slightly more volatile next week

    Copper prices rose strongly on Friday and are expected to be slightly more volatile next week

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
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    Copper prices rose strongly on Friday, with the main Shanghai copper 2010 contract closing at 52,320 at 3 p.
    m.
    , up 1.
    61% or 830 points
    .

    Copper prices

    The U.
    S.
    index failed to extend the rebound momentum, the pressure on London copper slowed down to refresh the intraday high, coupled with the rise in oil prices, driving the restoration of commodity confidence, Shanghai copper near the upper edge
    of the high range for more than half a month.
    The market pays attention to the demand for early stock preparation in the downstream before the holiday, and it is expected that the shock will be slightly stronger next week, and the short-term pressure level of Shanghai copper will be 52,500, and the operation of the upper merchant will rebound and reduce its holdings, and the downstream will just demand
    .

    The average price of electrolytic copper in Foshan in Nanchu: 52120 yuan, up 710, the monthly discount quotation: -90 to 30, down 35
    .
    The market rose, refinery shipments were normal, some traders in the morning market actively inquired, the morning flat water copper on the month reported a discount of 50 yuan / ton, good copper 60-70 yuan / ton, downstream bearish, more cautious on the south reserve price trading
    .
    After the first section of trading, traders actively adjusted prices and shipments, and the market continued to rise, flat water copper to the month reported a discount of 90 yuan / ton, good copper premium 30-50 yuan / ton, a sharp reduction in the premium after the market ushered in a wave of transactions; Foodies immediately reluctant to sell back to the premium, flat water copper reported a discount of 70 yuan / ton, after the end of demand, most of the downstream left the market to wait and see, the overall market transaction is more active
    .
    The premium copper pair is 30-50 yuan / ton for the month; Flat water copper discount 90-discount 70 yuan / ton
    .

    The average price of electrolytic copper in Shanghai in Nanchu: 52210 yuan, up 740, the monthly discount quotation: 50 to 70, flat
    .
    The copper price jumped high, and the effect of stockpiling in advance before the National Day also made traders actively trade, and the intraday market transaction improved
    .
    Morning market refinery shipments are normal, the offer is mostly imported copper, the receiver actively inquires and seeks domestic brands, flat water copper to the month reported a premium of 50 yuan / ton, good copper 70-80 yuan / ton, the premium immediately stabilized, the transaction is acceptable
    .
    After entering the second trading session, some merchants slightly reduced their shipments by 10 yuan / ton, and the low-price source was instantly digested by the market market, and the receiver left the market after the demand was completed, and the market transaction immediately fell into a stalemate; The overall trading of the market was acceptable, and the transaction volume was slightly better than the previous day
    .
    Copper rose 70-80 yuan for the month, up 10; flat water copper premium 40-50 yuan, down 10; Wet copper sticker 10-liter 20 yuan, up 20
    .

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