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Copper volatility upward The overall market transaction is not ideal

 Last Update: 2022-12-20
 Source: Internet
 Author: User

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Today's Shanghai copper volatility upward, the main month 2101 contract opened at 53800 yuan / ton, the highest intraday 54850 yuan / ton, the lowest 53620 yuan / ton, settled 54190 yuan / ton, closed 54770 yuan / ton, up 680 yuan
.
The trading volume of the main 2101 contract of Shanghai copper decreased by 33243 lots throughout the day 185525, and the position increased by 14219 to 161627 lots
.

Copper period

During the Asian session, London copper trend is strong, the latest quotation at 15:00 Beijing time is 7305.
5 US dollars / ton, up 96.
5 US dollars, or 1.
34%.

In terms of the market, today's domestic spot copper prices fell slightly, Yangtze River non-ferrous metal network 1# copper price was reported at 54150 yuan / ton, down 90 yuan, premium 160-liter 220; Guangdong spot 1# copper price reported 54040 yuan / ton, down 50 yuan; Yangtze River spot 1# copper price 54200 yuan / ton, down 90 yuan, premium 230-liter 250; Shanghai spot 1# copper price was 54100 yuan / ton, down 50 yuan
.

In the spot market, high prices suppress purchasing sentiment, and the transaction of a small number of low-priced sources is smooth, and the overall transaction is not satisfactory
.
Copper prices remain supported
by optimistic progress in vaccine research and development, with overseas copper scrap suppliers cautiously exporting to China, and Chilean copper mines once again disrupted.

In terms of news, Cochilco, Chile's national copper commission, expects Chilean copper production to increase by 0.
6% to 5.
82 million tons in 2020 and 2.
9% year-on-year in 2021; Domestic copper smelter production showed an upward trend, copper concentrate port inventories continued to rise, and spot copper prices are expected to fall
slightly today.

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