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    Home > Chemicals Industry > New Chemical Materials > Shanghai copper afternoon review on October 21

    Shanghai copper afternoon review on October 21

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
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    Overnight, the Shanghai copper 1912 contract gaped to open at 47200 yuan / ton, and the copper price range fluctuated after the opening, and the center of gravity was near
    the opening position.
    After a period of sideways trading, copper prices began to fall, testing down 47035 yuan / ton, and then copper prices began to fluctuate upward, and finally Shanghai copper closed at 47160 yuan / ton, up 0.
    19%.

    Today, the Shanghai Copper Index traded 86,000 lots, and its position decreased by 25.
    18 million lots to 545,000 lots
    .

    Shanghai copper

    In terms of spot, due to the recent demand for bills and long orders, the market quotation has remained high, and the willingness of holders to hold prices is strong, but the high price of the market and the high premium have suppressed downstream purchases, and the overall transaction performance is deadlocked, which is expected to continue
    today.
    It is expected that today's Shanghai copper 46900-47300 yuan / ton, spot premium 70-100 yuan / ton
    .

    China's GDP in the first three quarters grew by 6.
    2% year-on-year, although it slowed down slightly but was still within the annual expected target range, of which the added value of industries above designated size rose to 5.
    8% in September as a three-month high, and the motivation of enterprises to expand production is increasing, in addition to real estate completion data has also been repaired, spot copper prices are expected to rise
    today.

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