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    Home > Chemicals Industry > New Chemical Materials > Market sentiment has eased and Shanghai copper has stopped falling and stabilized

    Market sentiment has eased and Shanghai copper has stopped falling and stabilized

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    Today's Shanghai copper is weak and volatile, the main month 2208 contract opened at 63300 yuan / ton, the highest intraday 64680 yuan / ton, the lowest 61620 yuan / ton, settled 64430 yuan / ton, closed 63750 yuan / ton, down 680 yuan, down 1.
    06%.

    The trading volume of the main 2208 contract of Shanghai copper increased by 56242 lots 230142 the whole day, and the position volume 146507 increased by 3168 lots
    .

    Shanghai copper

    During the Asian session, London copper fluctuated strongly, and the latest quotation at 15:01 Beijing time was 8356 US dollars / ton, up 34 US dollars, or 0.
    40%.

    In terms of the market, today's domestic spot copper prices rose slightly, Yangtze River spot 1# copper 64520 yuan / ton, up 110 yuan, premium 220-liter 260; The Yangtze River Comprehensive 1# copper price was reported at 64430 yuan / ton, up 90 yuan, and the premium was 90-210; Guangdong spot 1# copper price reported 64330 yuan / ton, up 60 yuan, discount 50-liter 150; Shanghai spot 1# copper price was 64500 yuan / ton, up 160 yuan
    .

    In the spot market, holders have a slight willingness to raise prices, downstream enterprises just need to consume orders, receivers are cautious to receive goods, and the overall transaction is not smooth but the transaction volume has rebounded
    compared with last Friday.
    The Fed's interest rate hike expectations remain unchanged or will continue to limit the rise of industrial metals, but market sentiment has eased, European and American stock markets have rebounded, domestic stock markets have continued to rise, copper prices have stopped falling and stabilized, but it is still necessary to pay attention to changes in overseas market sentiment
    .

    Shanghai copper opened lower today, and the latest opening price of the Shanghai copper 2208 contract was 63980 yuan / ton, down 450 yuan
    .
    Domestic weekly inventory continued to increase, according to the last inventory data this week inventory increased by 3784 tons to 55237 tons, Shandong smelter resumption of production and logistics and transportation recovery smooth increase in the volume of goods, the subsequent domestic copper inventory or will continue to accumulate, downstream orders are not as expected, due to the impact of the epidemic, superimposed market sentiment is still pessimistic, resulting in downstream enterprises fear of serious sentiment, the spot market remains light, copper is expected to fall.

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