echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > January 16 Copper Market Brief Review

    January 16 Copper Market Brief Review

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On Wednesday, the main contract of Shanghai copper 2003 opened at 49400 yuan / ton in the morning, and after a short period of stability at the opening, the center of gravity quickly fell to around 49300 yuan / ton until the end of midday; At the opening of the afternoon, copper prices continued to slide slightly to 49200 yuan / ton, and closed at 49260 yuan / ton, up 80 yuan / ton, or 0.
    16%.

    Sino-US trade is facing the signing of the first phase agreement, but due to the protracted and repeated nature of Sino-US trade, investors are less sensitive and the degree of market boost is limited, coupled with the market's war situation in the United States and Iran and the market's global economic demand is still worried, the daily copper price rush is slightly weak
    .
    Continue to pay attention to the guidance of recent domestic social finance data, which will affect the trend
    of copper prices.

    The Shanghai copper 2001 contract faced delivery during the day, opening at 49130 yuan / ton in the morning, and then sliding all the way to around 48990 yuan / ton to stabilize until the end of midday; In the afternoon, Shanghai copper opened low at 48860 yuan / ton, and then immediately rose to 48990 yuan / ton before continuing to fall, closing at 48950 yuan / ton, settlement price 49020 yuan / ton, the final position volume of 5980 lots, delivery volume of 29900 tons
    .

    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.

    Contact Us

    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.