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    Home > Chemicals Industry > New Chemical Materials > October 28 Shanghai copper afternoon review

    October 28 Shanghai copper afternoon review

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
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    Overnight, the Shanghai copper 1912 contract opened at 47440 yuan / ton, and the copper price fluctuated sideways after the opening, and the copper price began to rise after 23 o'clock, testing 47670 yuan / ton
    .
    Subsequently, copper prices fell rapidly, falling to 47330 yuan / ton
    .
    Copper prices rose slightly at the end of the session, and finally Shanghai copper closed at 47460 yuan / ton, an increase of 0.
    15%.

    Today, the Shanghai Copper Index traded 108,000 lots, and the total position increased by 1,920 lots to 543,000 lots
    .

    Shanghai copper

    In terms of spot, due to the end of the month, most enterprises began to settle funds, the overall market transaction expectation performance is light, and holders may be forced to reduce quotations and shipments due to inventory pressure
    .
    It is expected that today's Shanghai copper 47100-47600 yuan / ton, spot discount 30-liter 20 yuan / ton
    .

    Recently, there has been optimistic news from the Sino-US trade situation, confirming that the technical consultations on some texts have basically been completed, and consultations will continue to be stepped up; At present, there is no obvious shortage of China's imported copper scrap metal for the time being, but downstream scrap enterprises are expected to significantly reduce scrap copper import approvals in the fourth quarter, and supply contraction is expected to support prices, and spot copper prices are expected to rise
    slightly today.

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