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    Home > Chemicals Industry > New Chemical Materials > Fed makes hawkish comments again Copper prices continue to strengthen in the short term

    Fed makes hawkish comments again Copper prices continue to strengthen in the short term

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    Today's Shanghai copper shock rebounded, the main month 2205 contract opened at 73660 yuan / ton, the highest intraday 73670 yuan / ton, the lowest 72820 yuan / ton, settlement 73130 yuan / ton, closed 73180 yuan / ton, up 50 yuan, or 0.
    07%.

    Shanghai copper

    During the Asian session, London copper fluctuated sharply, and the latest quotation at 15:01 Beijing time was 10277 US dollars / ton, down 3 US dollars, or 0.
    03%.

    In terms of the market, today's domestic spot copper prices remained stable, Yangtze River non-ferrous metal network 1# copper price was reported at 73520 yuan / ton, flat, premium 290-350; Guangdong spot 1# copper price reported 73310 yuan / ton, closed flat; Yangtze River spot 1# copper 73540 yuan / ton, down 50 yuan, premium 320-liter 360; Shanghai spot 1# copper price was 73430 yuan / ton, down 100 yuan
    .

    In the spot market, holders are eager to realize their shipments, actively lowering their quotations and shipments, while the downstream is stable and just needs to be less picked, the overall buying is not high, and the transaction is light
    .
    Global copper supply is facing the risk of shortage, but the short-term domestic demand affected by the epidemic weakened, coupled with the continued sluggish downstream mining, copper prices continue to strengthen and the momentum is insufficient, short-term copper prices are still operating
    in a high range.

    At present, the Russia-Ukraine conflict has caused the market to worry about the supply of non-ferrous sectors, and the internal and external copper market inventories are at a low level, and the Fed has released hawkish remarks, but copper price risks have mostly dissipated, and short-term copper prices will continue to strengthen
    .

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