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Market risk aversion heats up, and Shanghai copper fluctuates and falls

 Last Update: 2022-12-24
 Source: Internet
 Author: User

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copper metal nonmetal

what 1 liter

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On Monday, Shanghai copper fluctuated down, the main monthly 2205 contract opened at 73690 yuan / ton, the highest intraday 73760 yuan / ton, the lowest 73160 yuan / ton, settled 73520 yuan / ton, closed 73230 yuan / ton, down 290 yuan, down 0.
39%.

The trading volume of the main 2205 contract of Shanghai copper increased by 4887 lots to 60836 contracts throughout the day, and the position volume 153639 decreased by 5085 lots
.

Shanghai copper

During the Asian session, London copper was weak and volatile, and the latest quotation at 15:01 Beijing time was 10252 US dollars / ton, down 92 US dollars, or 0.
89%.

In the spot market, traders trade cautiously, downstream consumption stops and watches, receivers are afraid of heights, and the actual transaction is light
.
Domestic spot copper prices fell slightly during the day, Yangtze River spot 1# copper 73820 yuan / ton, down 60 yuan, premium 280-liter 320; Yangtze River nonferrous metal net 1# copper price reported 73700 yuan / ton, down 120 yuan, premium 150-liter 210; Guangdong spot 1# copper price was 73680 yuan / ton, down 60 yuan; Shanghai spot 1# copper price was 73735 yuan / ton, down 55 yuan
.

The recent macro atmosphere is empty, the hawkish style of the Federal Reserve has boosted the US dollar to continue to strengthen, the domestic epidemic has repeatedly occurred, continued to strengthen control, risk aversion has heated up, Shanghai copper is weak under pressure, coupled with poor downstream transactions, copper prices are weak
.
On the plate, copper fundamentals supply and demand are weak, and copper prices temporarily remain volatile before the domestic epidemic is not alleviated
.
Due to differences in supply, it is stronger than other metals
.

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