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Positive factors concentrated on the outbreak of Shanghai copper was supported and rose

 Last Update: 2022-12-01
 Source: Internet
 Author: User

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1.
Summary of copper prices in major domestic cities

market	name of article	Material	Price range		Change	remark
Guangdong spot	1# Copper	1 #	37300-37500	Yuan/ton	610	Tax included
Shanghai spot	1# Copper	1 #	37120-37420	Yuan/ton	480	Tax included
Shanghai spot	Flat water copper		37120-37380	Yuan/ton	480	Tax included
Shanghai spot	Liters of copper		37140-37420	Yuan/ton	480	Tax included
Shanghai	1# Copper	1 #	37250-37350	Yuan/ton	600	Tax included
Foshan spot	1# Electrolytic copper plate	1 #	34800-35000	Yuan/ton	500	Tax not included
Jinan spot	1# Copper	1 #	37350-37350	Yuan/ton	600	Tax included
Shenyang spot	1# Copper	1 #	37450-37450	Yuan/ton	600	Tax included
Beijing spot	1# Copper	1 #	37400-37400	Yuan/ton	600	Tax included
Tianjin spot	1# Copper	1 #	37400-37400	Yuan/ton	600	Tax included
Wuxi spot	1# Copper	1 #	37400-37400	Yuan/ton	600	Tax included
Xi'an spot	1# Copper	1 #	37450-37450	Yuan/ton	600	Tax included
Chongqing spot	1# Copper	1 #	37450-37450	Yuan/ton	600	Tax included
Guangzhou spot	1# Copper	1 #	37560-37560	Yuan/ton	600	Tax included
Wuhan spot	1# Copper	1 #	37400-37400	Yuan/ton	600	Tax included
Kunming spot	1# Copper	1 #	37500-37500	Yuan/ton	600	Tax included

market name of article Material Price range Change remark Guangdong spot 1# Copper 1# 37300-37500 Yuan/ton 610 Tax included Shanghai spot 1# Copper 1# 37120-37420 Yuan/ton 480 Tax included Shanghai spot Flat water copper 37120-37380 Yuan/ton 480 Tax included Shanghai spot Liters of copper 37140-37420 Yuan/ton 480 Tax included Shanghai 1# Copper 1# 37250-37350 Yuan/ton 600 Tax included Foshan spot 1# Electrolytic copper plate 1# 34800-35000 Yuan/ton 500 Tax not included Jinan spot 1# Copper 1# 37350-37350 Yuan/ton 600 Tax included Shenyang spot 1# Copper 1# 37450-37450 Yuan/ton 600 Tax included Beijing spot 1# Copper 1# 37400-37400 Yuan/ton 600 Tax included Tianjin spot 1# Copper 1# 37400-37400 Yuan/ton 600 Tax included Wuxi spot 1# Copper 1# 37400-37400 Yuan/ton 600 Tax included Xi'an spot 1# Copper 1# 37450-37450 Yuan/ton 600 Tax included Chongqing spot 1# Copper 1# 37450-37450 Yuan/ton 600 Tax included Guangzhou spot 1# Copper 1# 37560-37560 Yuan/ton 600 Tax included Wuhan spot 1# Copper 1# 37400-37400 Yuan/ton 600 Tax included Kunming spot 1# Copper 1# 37500-37500 Yuan/ton 600 Tax included market name of article Material Price range Change remark Market market Product name, product name Material material Price RangePrice Range Ups and downs Remarks Note: Remarks Guangdong spot 1# Copper 1# 37300-37500 Yuan/ton 610 Tax included Guangdong spot 1# Copper 1# 37300-37500 Yuan/ton 610 Tax included Shanghai spot 1# Copper 1# 37120-37420 Yuan/ton 480 Tax included Shanghai spot 1# Copper 1# 37120-37420 Yuan/ton 480 Tax included Shanghai spot Flat water copper 37120-37380 Yuan/ton 480 Tax included Shanghai spot Flat water copper 37120-37380 Yuan/ton 480 Tax included Shanghai spot Liters of copper 37140-37420 Yuan/ton 480 Tax included Shanghai spot Liters of copper 37140-37420 Yuan/ton 480 Tax included Shanghai 1# Copper 1# 37250-37350 Yuan/ton 600 Tax included Shanghai 1# Copper 1# 37250-37350 Yuan/ton 600 Tax included Foshan spot 1# Electrolytic copper plate 1# 34800-35000 Yuan/ton 500 Tax not included Foshan spot 1# Electrolytic copper plate 1# 34800-35000 Yuan/ton 500 Tax not included Jinan spot 1# Copper 1# 37350-37350 Yuan/ton 600 Tax included Jinan spot 1# Copper 1# 37350-37350 Yuan/ton 600 Tax included Shenyang spot 1# Copper 1# 37450-37450 Yuan/ton 600 Tax included Shenyang spot 1# Copper 1# 37450-37450 Yuan/ton 600 Tax included Beijing spot 1# Copper 1# 37400-37400 Yuan/ton 600 Tax included Beijing spot 1# Copper 1# 37400-37400 Yuan/ton 600 Tax included Tianjin spot 1# Copper 1# 37400-37400 Yuan/ton 600 Tax included Tianjin spot 1# Copper 1# 37400-37400 Yuan/ton 600 Tax included Wuxi spot 1# Copper 1# 37400-37400 Yuan/ton 600 Tax included Wuxi spot 1# Copper 1# 37400-37400 Yuan/ton 600 Tax included Xi'an spot 1# Copper 1# 37450-37450 Yuan/ton 600 Tax included Xi'an spot 1# Copper 1# 37450-37450 Yuan/ton 600 Tax included Chongqing spot 1# Copper 1# 37450-37450 Yuan/ton 600 Tax included Chongqing spot 1# Copper 1# 37450-37450 Yuan/ton 600 Tax included Guangzhou spot 1# Copper 1# 37560-37560 Yuan/ton 600 Tax included Guangzhou spot 1# Copper 1# 37560-37560 Yuan/ton 600 Tax included Wuhan spot 1# Copper 1# 37400-37400 Yuan/ton 600 Tax included Wuhan spot 1# Copper 1# 37400-37400 Yuan/ton 600 Tax included Kunming spot 1# Copper 1# 37500-37500 Yuan/ton 600 Tax included Kunming spot 1# Copper 1# 37500-37500 Yuan/ton 600 Tax included

2.
Market review

Today's concentrated outbreak of positive factors boosted Shanghai copper to rise sharply, but upward pressure remained, and the gains in the afternoon converged
.
The opening price of the current month's 1604 contract is 37630 yuan / ton, and as of 15:00 pm, the latest price is 37290 yuan / ton, up 340 yuan; The lowest price of the day is 37290 yuan / ton, and the highest price is 37700 yuan / ton
.
The main opening price of Shanghai copper is 37010 yuan / ton, as of 15:00 pm, the latest price is 37360 yuan / ton, up 450 yuan; The lowest price within the day was 36950 yuan / ton, and the highest price was 37740 yuan / ton
.

Shanghai copper

Externally, London copper traded below a three-week high on Wednesday as encouraging signs in China's economy and a rebound in oil prices boosted sentiment in commodity markets
.
The three-month LME copper was trading at $4,920 a tonne, down 0.
4% from the previous close, giving up a slight 2.
3% gain overnight, with the contract rising to its highest level since March 29 at $4,951 a tonne and closing above the 200-day moving average, giving a bright
technical outlook.

3.
Overview of the domestic copper market

On the macro front, the strike of Kuwaiti oil workers has changed investor sentiment, improved market risk appetite, and in the short term, the support effect of crude oil supply disruption is obvious
.
In addition, due to the slowdown in economic growth in the United States in the first quarter, the market's expectation of the Fed's interest rate hike weakened, resulting in the US dollar index temporarily having no resistance, and the weakening of the US dollar was positive for non-ferrous metal prices
.
Domestically, after last week's unexpectedly positive industrial and property market data, the market is more confident in China's economic growth prospects, and the expected improvement in downstream demand also boosted the non-ferrous performance
.

Today's Shanghai electrolytic copper spot report discount 150 yuan / ton - discount 100 yuan / ton, flat water copper transaction price 37120 yuan / ton - 37380 yuan / ton, premium copper transaction price 37140 yuan / ton - 37420 yuan / ton
.
Today's copper rose 500 yuan / ton after the high volatility, the repeated trend of copper prices made the market sentiment entangled, some holders of high a large number of shipments, the initiative to sharply reduce the discount, the market copper supply is sufficient, but buyers are more cautious in purchasing, maintain rational wait-and-see, dare not rush to chase higher, trading volume is therefore limited
.
Overall, the market is weak, and the main contribution of trading is still middlemen
.

4.
Copper closing situation

Today, the Shanghai copper 1606 contract opened at 37620 yuan / ton, after the opening by favorable factors and rose sharply, and then was suppressed to a minimum of 37090 yuan / ton, fell below the 40-day moving average during the session, A-shares, crude oil all recovered slightly at the end of the day to stabilize, bears took the opportunity to leave the market, driving copper prices to rise
at the end of the day.
The main 1606 contract finally closed at 37360 yuan / ton, up 450 yuan / ton, or 1.
22%, and the position decreased by 18510 lots
.
At present, the market is more cautious, it is difficult to form a trend, and pay attention to the 40-day line support
in the evening.

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