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    Home > Chemicals Industry > New Chemical Materials > Copper volatility downward short-term or continuation of the pullback trend

    Copper volatility downward short-term or continuation of the pullback trend

    • Last Update: 2022-12-08
    • Source: Internet
    • Author: User
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    Today's Shanghai copper shock downward, the main month 1803 contract opened at 53060 yuan, the highest intraday 53820 yuan, the lowest 52580 yuan, the settlement price 53130 yuan, the close 52750 yuan / ton, the close down 270 yuan
    .
    Shanghai copper 1803 full-day trading volume 265798 increased by 65556 lots, position decreased by 5488 lots to 177728, Beijing time at 15:00, London copper latest price was 7059.
    5, down 68.
    5 US dollars
    .
    During the day, the global stock market suffered a heavy setback, investors' risk aversion heated up sharply, and it is expected that the pressure on Shanghai copper will continue the correction trend
    in the evening.

    Copper period

    In the market, Guangdong spot 1# copper price was 52660 yuan / ton, down 130 yuan; Yangtze River spot 1# copper price was reported at 52620 yuan / ton, down 110 yuan, copper premium 60-liter 80; Shanghai spot 1# electrolytic copper 52570 yuan / ton, down 100 yuan, flat water copper transaction 52560 down 90 yuan, premium copper transaction 52580 down 100 yuan
    .
    Today's spot copper prices fell, holders shipped normally, downstream pre-holiday stocking willingness was sluggish, traders maintained just need to purchase, and market trading was light
    .

    South Reserve East China, the average spot price of electrolytic copper was 52,550 yuan, down 130; Liter discount quotation, 0 to 20 yuan, up 30 yuan
    .
    In East China, although the premium continues to rise, the actual transaction is not as good as yesterday, and the main reasons
    are that the premium is too high and the downstream demand is weak.
    As of the close, the premium copper mainstream trading pair futures contract premium 20-30 yuan, flat water copper discount 10-0 yuan, wet copper discount 100-120 yuan
    .

    South China Reserve, the average spot price of electrolytic copper was 52,660 yuan, down 130 yuan; Liter discount quotation, 100 to 140 yuan, up 25
    .
    In Guangdong, the basis continued to expand, allowing holders to ship at high prices, but there were not many receivers, and the market trading was relatively quiet
    .
    As of the close, the premium copper mainstream trading pair futures contract premium of about 140-150 yuan, flat water copper premium 100-120 yuan
    .

    During the day, Shanghai copper fluctuated lower, and the center of gravity slowly moved downward, finally closing at 52,930 yuan / ton, down 260 yuan / ton, and the position increased by 10,404 lots to 215,000 lots
    .
    With the arrival of the Chinese Lunar New Year, the market transaction is becoming weaker and weaker, and the copper price has little momentum to rise, and the risk of decline in the short term remains
    .

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