 Home > Chemicals Industry > New Chemical Materials > Demand shows signs of recovery Shanghai copper trend is strong

Demand shows signs of recovery Shanghai copper trend is strong

 Last Update: 2022-12-22
 Source: Internet
 Author: User

Tags

fontana gas company

central instrument company

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

Today's Shanghai copper trend is strong, the main month 2107 contract opened at 71780 yuan / ton, the highest intraday 72960 yuan / ton, the lowest 71710 yuan / ton, settlement 72340 yuan / ton, closed 72230 yuan / ton, up 490 yuan
.
The trading volume of the main 2107 contract of Shanghai copper decreased by 78888 lots 167541 lots throughout the day, and the position decreased by 2140 to 129763 lots
.

Shanghai copper

During the Asian session, London copper trend is stronger, the latest quotation at 15:01 Beijing time is 10,004 US dollars / ton, up 21 US dollars, or 0.
21%.

In terms of the market, today's domestic spot copper prices rose, 1# copper price was 72260 yuan / ton, up 870 yuan, discount 120-discount 60; Guangdong spot 1# copper price reported 72230 yuan / ton, up 850 yuan; Yangtze River spot 1# copper 72330 yuan / ton, up 870 yuan, discount 40-discount 20; Shanghai spot 1# copper price was 72360 yuan / ton, up 990 yuan
.

In the spot market, traders are mainly circulating, downstream just need consumption, and the transaction performance is general
.
The global economic recovery expects, it is expected that the low level of the US dollar will support prices, and there are still expectations for destocking in the peak season, but the tight supply pattern has eased, and the supply of scrap copper continues to increase, which may restrict the upside
of copper prices.

In terms of news, South American mine policies are uncertain, copper mine supply is still uncertain, the world's largest copper producer Chile's National Copper Company (Codelco) said that if Congress passes the glacier protection bill, nearly 40% of the company's copper production will be at risk; The recent price pullback comes as demand shows signs of recovery and spot copper prices are expected to rise
.

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

Related Products

9,10-Diphenylanthrac

CAS No.: 1499-10-1

$1-1.2/MT FOB

High Quality Polar Solvent 99.99% Ethylene carbonate/Ethylencarbonat/ EC CAS 96-49-1

CAS No.: 96-49-1

Pharmacy Grade

$1-1.2/MT FOB

High quality Fluorescent Brightener CBS-X 98% TOP1 supplier in China

CAS No.: 27344-41-8

Industrial Grade

$3/KG EXW

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

announcements today(81)

ups united states(221)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.