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Today's Shanghai copper weakness is still the same, the main month 2301 contract opened at 66030 yuan / ton, the highest intraday 66210 yuan / ton, the lowest 65530 yuan / ton, settled 66280 yuan / ton, closed 66070 yuan / ton, down 210 yuan, down 0.
32%.
The trading volume of the main 2301 contract of Shanghai copper decreased by 18715 lots to 59251 contracts throughout the day, and the position volume of 140829 lots decreased by 2139 lots
.
During the Asian session, London copper short-term rushed high and oscillated operation, the latest quotation at 15:01 Beijing time was 8428 US dollars / ton, up 59 US dollars, or 0.
70%.
In terms of the market, today's domestic spot copper prices fell slightly, Yangtze River spot 1# copper reported 66230 yuan / ton, down 110 yuan, up 120-160; Yangtze River Comprehensive 1# copper price reported 66260 yuan / ton, down 90 yuan, premium 110-liter 230; Guangdong spot 1# copper price reported 66280 yuan / ton, down 80 yuan, premium 90-290; Shanghai spot 1# copper price was 66170 yuan / ton, down 50 yuan
.
In the spot market, merchants' shipments increased compared with previous days, but downstream demand was still weak, and in the face of high prices, they still chose to wait and see, the trading atmosphere was not good, and the transaction volume declined
.
This week ushered in multiple heavy data and events, the market waited for more macro guidance, strong expectations returned to reality, Shanghai copper inventories rebounded, low inventory support weakened, copper prices continued to weaken
.
Shanghai copper opened low in early trading during the day, and the latest opening price of the main monthly 2301 contract was 65880 yuan / ton, down 400 yuan
.
Low inventories are still supported, and the recovery in the later period is relatively limited, but the increase and decrease of domestic terminal demand is uneven, and it is difficult to have a bright performance
under the influence of seasonal off-season.
In November, automobile production and sales fell year-on-year and month-on-month, and the overall performance was lower than market expectations, and at the same time, the consumption of metal copper was weakened, coupled with the continued decline of downstream processing leading enterprises, weak orders caused small and medium-sized enterprises or early holidays, and there was still weak pressure in the follow-up, and copper prices had limited upside under the weak reality, and copper or fell
slightly.
