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Peak season consumption expectations disappointed, Shanghai copper weak shock

 Last Update: 2022-12-20
 Source: Internet
 Author: User

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On Friday, Shanghai copper was weak and volatile, the main month 2012 contract opened at 51450 yuan / ton, the highest intraday 51680 yuan / ton, the lowest 51340 yuan / ton, settled 51480 yuan / ton, closed 561430 yuan / ton, down 110 yuan
.
The trading volume of the main 2012 contract of Shanghai copper was 78,755 lots, down 17,728 lots, and its position decreased by 829 to 107751 lots
.

Shanghai copper

During the Asian session, London copper fluctuated at a low level, and the latest quotation at 15:00 Beijing time was 6851.
5 US dollars / ton, down 13.
5 US dollars, or 0.
20%.

In the market, domestic spot copper prices remained stable, Yangtze River nonferrous metal network 1# copper price was reported at 51670 yuan / ton, up 20 yuan, premium 150-liter 210; Guangdong spot 1# copper price was 51550 yuan / ton, up 40 yuan; Yangtze River spot 1# copper price 51710 yuan / ton, up 40 yuan, premium 200-liter 220; Shanghai spot 1# copper price was 51635 yuan / ton, unchanged
.

In the spot market, traders are cautious, downstream on-demand procurement is the mainstay, and the transaction is general
.
Refined copper production has steadily increased, and peak season consumption expectations have been disappointed, but follow-up grid investment may not be weak in the off-season, the overall impact of fundamentals is limited, macro uncertainty is disturbed, and copper prices fluctuate
.

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