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

 Last Update: 2022-12-20
 Source: Internet
 Author: User

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Today's Shanghai copper continued to be strong, the main month 2101 contract opened at 52700 yuan / ton, the highest intraday 53540 yuan / ton, the lowest 52530 yuan / ton, settled 53080 yuan / ton, closed 53520 yuan / ton, up 720 yuan
.
The trading volume of the main 2101 contract of Shanghai copper increased by 36,669 lots 134821 the day, and the position increased by 19,482 to 138831 lots
.

Shanghai copper

During the Asian session, London copper trend is strong, the latest quotation at 15:00 Beijing time is 7154 US dollars / ton, up 64 US dollars, or 0.
90%.

In terms of the market, today's domestic spot copper prices rose, Yangtze River non-ferrous metal network 1# copper price was reported at 53090 yuan / ton, up 200 yuan, premium 160-liter 220; Guangdong spot 1# copper price was 52920 yuan / ton, up 160 yuan; Yangtze River spot 1# copper price 53190 yuan / ton, up 220 yuan, premium 270-liter 290; Shanghai spot 1# copper price was 53140 yuan / ton, up 270 yuan
.

In the spot market, the supply is abundant, the wait-and-see mood is strong, the downstream consumption is weak, and the overall transaction is average
.
At the end of the year, there was impulse demand in smelters, refined copper will continue to grow, but the supply at the mine end is still tight, the terminal demand performance is better, inventories are at a low level, and copper prices are expected to remain volatile
.

In terms of news, satellite monitoring data showed that copper smelting activity in Europe and South America increased in October, but China's smelting activity decreased, and the overall level remained basically unchanged; Recently, the domestic downstream copper orders have improved slightly, demand has improved, inventories have continued to deteriorate, copper concentrate processing fees have remained low, and spot copper prices are expected to rise
today.

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