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Shanghai copper continues to be strong The overall trading of the market is average

 Last Update: 2022-12-19
 Source: Internet
 Author: User

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copper precious metal

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Today's Shanghai copper continued to be strong, the main month 2009 contract opened at 50770 yuan / ton, the highest intraday 51370 yuan / ton, the lowest 50740 yuan / ton, settled 51030 yuan / ton, closed 50830 yuan / ton, up 440 yuan
.
The trading volume of the main 2009 contract of Shanghai copper increased by 6679 to 101530 contracts throughout the day, and the position decreased by 4304 to 99376
.

Shanghai copper

During the Asian session, London copper rushed back down, and the latest quotation at 15:01 Beijing time was 6447.
5 US dollars / ton, down 1.
5 US dollars, or 0.
02%.

Today's domestic spot copper prices rose, Yangtze River nonferrous metal network 1# copper price was reported at 51120 yuan / ton, up 740 yuan, premium 40-100; Guangdong spot 1# copper price was 51110 yuan / ton, up 770 yuan; Yangtze River spot 1# copper price 51190 yuan / ton, up 730 yuan, premium 130-liter 150; Shanghai spot 1# copper price was 51135 yuan / ton, up 755 yuan
.

In the spot market, the price of the holders is relatively strong, the circulation of traders is limited, the downstream just needs to be purchased, and the overall transaction is general
.
LME copper inventories continue to deteriorate, and the recent weakness of the US dollar has supported copper prices, but Sino-US tensions have suppressed, and short-term copper prices may remain volatile
.

The domestic accumulation rate has slowed down, and the inventory in the previous period fell slightly last week; LME copper stocks fell to 110,000 tonnes, the lowest level in more than 12 years; Domestic new energy vehicle production and sales may continue to improve, this year's subsidy decline has slowed down, conducive to output, spot copper prices are expected to rise
today.

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