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Today's Shanghai copper market downward trend, the main month 2202 contract opened at 70310 yuan / ton, the highest intraday 70390 yuan / ton, the lowest 69440 yuan / ton, settlement 69890 yuan / ton, closed 69490 yuan / ton, down 760 yuan, down 1.
08%.
The trading volume of the main 2202 contract of Shanghai copper increased by 3302 lots to 89117 contracts throughout the day, and the position decreased by 5699 lots 122511
.
During the Asian session, London copper fluctuated downward, and the latest quotation at 15:01 Beijing time was 9597 US dollars / ton, down 95 US dollars, or 0.
98%.
In terms of the market, today's domestic spot copper prices fell, Yangtze River non-ferrous metal network 1# copper price was reported at 70040 yuan / ton, down 500 yuan, premium 260-320; Guangdong spot 1# copper price was 70,040 yuan / ton, down 500 yuan; Yangtze River spot 1# copper 70130 yuan / ton, down 540 yuan, premium 370-liter 410; Shanghai spot 1# copper price was 69980 yuan / ton, down 500 yuan
.
The trading performance of the spot market is acceptable, traders have significantly increased shipments, although inventories are at a low level, but there is recent pressure to accumulate, and copper prices have insufficient upward momentum
.
On the eve of the Spring Festival, downstream consumption may be relatively cold, the purchasing atmosphere is flat, and the overall decline in copper prices is running
.
Today's Shanghai copper opened higher, the latest opening price of the Shanghai copper 2202 contract was 69840 yuan / ton, down 410 yuan
.
The Fed's hawkish minutes may need to raise interest rates earlier than expected to accelerate the downward trend
for U.
S.
stocks.
Copper inventories remain at a historical low, but downstream consumption has entered the off-season, and the willingness to receive goods is not high, and copper is expected to fall
.
