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Copper prices stopped falling and rebounded higher, and the market trading was not ideal

 Last Update: 2022-12-25
 Source: Internet
 Author: User

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Today's Shanghai copper volatility rose, the main month 2208 contract opened at 63760 yuan / ton, the highest intraday 64910 yuan / ton, the lowest 63470 yuan / ton, settlement 63440 yuan / ton, closed 64890 yuan / ton, up 1450 yuan, or 2.
29%.

During the Asian session, London copper rebounded higher, and the latest quotation at 15:01 Beijing time was 8490 US dollars / ton, up 133 US dollars, or 1.
59%.

Today's domestic spot copper prices fell slightly, Yangtze River spot 1# copper 64330 yuan / ton, down 190 yuan, premium 180-220; The Yangtze River comprehensive 1# copper price was reported at 64240 yuan / ton, down 190 yuan, and the premium was 50-170; Guangdong spot 1# copper price was 64150 yuan / ton, down 180 yuan, discount 80-liter 120; Shanghai spot 1# copper price was 64240 yuan / ton, down 260 yuan
.

In the spot market, the demand for funds returned in the middle of the year and the end of the month is approaching, the market atmosphere is becoming more and more cold, the shipments of holders are suppressed, and the sentiment of receiving goods is still cautious, only maintaining the purchase of just needs, and the trading volume has plummeted
.

Macro sentiment has calmed down, coupled with domestic economic data performance is acceptable, Shanghai copper stopped falling and rebounded higher, but the market trading was not satisfactory, the price performance lacked rebound continuity, and spot copper prices closed slightly lower
.

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