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    Home > Chemicals Industry > New Chemical Materials > November 15 Shanghai copper afternoon review

    November 15 Shanghai copper afternoon review

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
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    Overnight, the Shanghai copper 2001 contract opened at 47050 yuan / ton, the opening copper price quickly fell back to 46880 yuan / ton, after the short-term recovery copper prices continued to decline, the low level fell to 46700 yuan / ton
    .
    At the end of the session, copper prices fluctuated at a low level, and finally Shanghai copper closed at 46710 yuan / ton, down 0.
    57%.

    Today, the Shanghai Copper Index traded 108,000 lots, and short positions increased by 5,952 lots, reaching 541,000 lots
    .

    Shanghai copper

    In terms of spot, as the market price continues to be weak, the market bargain buying sentiment has improved, and holders have taken the opportunity to raise their quotations again, and it is expected that spot quotations will continue to rise today
    .
    It is expected that today's Shanghai copper 46500-46900 yuan / ton, spot premium 130-liter 170 yuan / ton
    .

    At present, the global economic growth is slowing down, there are many external uncertainties, the downward pressure on China's economy continues to increase, the data on industrial added value and fixed assets in October are lower than expected and the previous value, the downward pressure on industrial production is greater, the market demand is insufficient, copper prices are under pressure, and spot copper prices are expected to fall
    today.

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