 Home > Chemicals Industry > New Chemical Materials > Shanghai copper continues to climb The overall market trading is quiet

Shanghai copper continues to climb The overall market trading is quiet

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

Tags

palladium spot price today

strong lightweight metal

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

Today's Shanghai copper continued to climb, hitting a new high in nearly a decade, the main monthly 2106 contract opened at 69750 yuan / ton, the highest intraday 71130 yuan / ton, the lowest 69550 yuan / ton, settled 70360 yuan / ton, closed 70980 yuan / ton, up 1650 yuan
.
The trading volume of the main 2106 contract of Shanghai copper increased by 84909 lots 247686 the day, and the position increased by 11134 to 189060 lots
.

Shanghai copper

During the Asian session, London copper opened low and went high, and the latest quotation at 15:01 Beijing time was 9679.
5 US dollars / ton, up 128 US dollars, or 1.
43%, and touched a new high
since 2011.

Today's domestic spot copper prices rose, Yangtze River non-ferrous metal network 1# copper price was reported at 70,000 yuan / ton, up 790 yuan, discount 100-discount 40; Guangdong spot 1# copper price was 69910 yuan / ton, up 840 yuan; Yangtze River spot 1# copper 69980 yuan / ton, up 790 yuan, discount 100-discount 80; Shanghai spot 1# copper price was reported at 69940 yuan / ton, up 830 yuan
.

In the spot market, the willingness of holders to exchange cash is strong, the downstream procurement is cautious, and the overall transaction is quiet
.
The macro atmosphere is warm overall, overseas demand is picking up, copper mine supply is tight, and the inventory in the previous period is expected to enter the destocking stage after May, supporting a sharp rise in prices
.

Copper stocks of the LME have recently fallen and have fallen for seven consecutive trading days, with a cumulative decline of 9.
46%, and copper stocks in the previous period fell slightly by 27 tons to 202437 tons last week; Green investment in electric vehicles and renewable energy will support copper demand in the long term, and spot copper prices are expected to rise
sharply.

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

Related Products

9,10-Diphenylanthrac

CAS No.: 1499-10-1

$1-1.2/MT FOB

High Quality Polar Solvent 99.99% Ethylene carbonate/Ethylencarbonat/ EC CAS 96-49-1

CAS No.: 96-49-1

Pharmacy Grade

$1-1.2/MT FOB

High quality Fluorescent Brightener CBS-X 98% TOP1 supplier in China

CAS No.: 27344-41-8

Industrial Grade

$3/KG EXW

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

announcements today(81)

ups united states(221)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.