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    Home > Chemicals Industry > New Chemical Materials > December 26 copper market morning review

    December 26 copper market morning review

    • Last Update: 2022-12-14
    • Source: Internet
    • Author: User
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    Copper City Review, Overnight London Copper Market
    Closed.
    The Shanghai copper night trading fluctuates sideways, and the overall Shanghai copper daily line is still weak as a whole, and the short-term is weak and oscillating
    .

    Copper City

    Fundamentals, copper inventories on the three major exchanges are low, and LME warehouse copper inventories are the lowest
    since 2008.
    The recent consecutive declines in the US stock market may indicate that the economy has begun to slow.

    Shanghai spot copper quotation at 47790-48180 yuan / ton, down 300 yuan / ton, for the 1901 contract, up 110 yuan / ton - 150 yuan / ton
    .
    Today's market transaction is general, mainly downstream just need to purchase, and traders between long order delivery, but with tickets and without tickets goods still maintain a price difference of 100 yuan, good copper morning with tickets reported about 150, near noon slightly reduced by 10 yuan, wet next month pass supply is abundant, near noon occasionally -240 price appears
    .

    Due to the Christmas holiday, the European and American markets were closed, and the crude oil market and surrounding stock markets still fell, affecting investor sentiment
    .
    From January to November, the national power grid project completed investment of 451.
    1 billion yuan, down 3.
    2%
    year-on-year.
    Shanghai copper rebounded after testing around 47,500 yesterday and is now trading
    at 48,000.
    Short-term copper prices are in a dilemma, with merchants mainly waiting and seeing, and downstream on-demand buying remains unchanged
    .

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