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Shanghai copper afternoon review on February 22

 Last Update: 2022-12-08
 Source: Internet
 Author: User

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china market news

schwieters cold spring

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After the Spring Festival holiday, some investors returned to the first day of resumption of the domestic market, and today's Shanghai copper high finishing, the main month 1804 contract opened at 53080 yuan, up 520 yuan
.
The recovery of market demand is expected to provide support to copper prices, which are expected to rise
slightly today.

Shanghai copper

In terms of external trading, during the Spring Festival, the external market was rising, and the inflation data released by the United States on Friday exceeded expectations, but the retail sales data in January was unexpectedly sluggish, causing the dollar index to break through multiple thresholds, commodities have strengthened sharply, and the strengthening of the dollar index in the later period has put non-ferrous metals under pressure to give up gains
.

In the East China Market of the South Reserve, the average spot price of electrolytic copper was 52,230 yuan, up 150 yuan; Liter discount quotation, -260 to -200 yuan, up 70 yuan
.
In East China, on the first trading day after the holiday, only a few traders traded, and the market trading was very cold
.
As of the close, the premium copper mainstream trading pair futures contract discount of 180-200 yuan, flat water copper discount 230-260 yuan, wet copper discount 350 yuan
.

In the South China Market of the Southern Reserve Bank, the average spot price of electrolytic copper was 52,460 yuan, up 140 yuan; Liter discount quotation, -20 to 20 yuan, up 60 yuan
.
In Guangdong, the Guangdong market is still immersed in the holiday atmosphere, there is no quotation, and the premium passively follows the Shanghai price
.
As of the close, the mainstream trading of premium copper is about 20 yuan for futures futures, and the flat copper discount is 20 yuan
.

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