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Shanghai copper climbed after shock and prices rose sharply

 Last Update: 2022-12-21
 Source: Internet
 Author: User

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Today's Shanghai copper shock after the sharp climb, the main month 2104 contract opened at 65960 yuan / ton, the highest intraday 67770 yuan / ton, the lowest 65410 yuan / ton, settled 66430 yuan / ton, closed 67360 yuan / ton, up 1670 yuan
.

Shanghai copper

During the Asian session, London copper opened low and went high, and the latest quotation at 15:00 Beijing time was 9075 US dollars / ton, up 181.
5 US dollars, or 2.
04%.

In terms of the market, today's domestic spot copper prices rose slightly, 1# copper price was 65580 yuan / ton, up 40 yuan, discount 40-liter 20; Guangdong spot 1# copper price reported 65650 yuan / ton, up 30 yuan; Yangtze River spot 1# copper 65740 yuan / ton, up 50 yuan, premium 130-liter 150; Shanghai spot 1# copper price was 65550 yuan / ton, up 30 yuan
.

In the spot market, the activity of inquiry is not high, the downstream just needs to buy, and traders are mainly
trading.
The passage of a new stimulus bill in the United States and the possibility of strikes at Chilean copper mines threaten already fragile mine supply and support prices sharply higher
.

In terms of news, labor negotiations at the Los Pelambres copper mine owned by Chile's Antofagasta mining company (Antofagasta) are not smooth, and the government can intervene to mediate
before the strike.
The demand for traditional industries such as home appliances in China is gradually declining, but the incremental demand of emerging industries such as wind power and new energy vehicles is gradually increasing, but short-term inventories may continue to rise, and spot copper prices are expected to rise or fall little
.

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