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    Home > Chemicals Industry > New Chemical Materials > Market expectations turned optimistic Shanghai copper is running strongly

    Market expectations turned optimistic Shanghai copper is running strongly

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Today's Shanghai copper is running strongly, the main monthly 2202 contract opened at 69810 yuan / ton, the highest intraday 70870 yuan / ton, the lowest 69700 yuan / ton, the settlement 69730 yuan / ton, the close 70450 yuan / ton, up 720 yuan, or 1.
    03%.

    The trading volume of the main 2202 contract of Shanghai copper increased by 31002 lots to 91362 lots throughout the day, and the position volume of 148144 lots increased by 8117 lots
    .

    Shanghai copper

    During the Asian electronic trading session on Tuesday, the London Metal Exchange continued to be closed to celebrate a public holiday
    .
    Trading
    resumed on Wednesday.

    In terms of the market, today's domestic spot copper prices rose, Yangtze River non-ferrous metal network 1# copper price was reported at 70380 yuan / ton, up 580 yuan, 20-80 liters; Guangdong spot 1# copper price was reported at 70460 yuan / ton, up 540 yuan / ton; Yangtze River spot 1# copper 70420 yuan / ton, up 550 yuan, premium 50-liter 110; Shanghai spot 1# copper price was 70,300 yuan / ton, up 640 yuan
    .

    In the spot market, traders have adjusted prices and shipments, and receivers continue to be cautious and wait-and-see, trading is quiet, and trading volume is limited
    .
    Although the overseas epidemic once suppressed market sentiment, risk appetite improved, coupled with the warm domestic policy atmosphere, global explicit copper inventories continued to decrease, and Shanghai copper operated
    strongly.

    Zijin Mining said on Monday that its Julong copper mine in Tibet had begun production, adding a new source
    of supply for next year's copper market.

    At present, although the overseas epidemic continues to ferment, the number of deaths has not followed the rise, market expectations have turned optimistic, and the domestic central bank has strengthened the stability of total credit growth, increased support for the real economy, and is expected to rise
    in copper sentiment.

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