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Shanghai copper continues to fall, and the overall structure is still weak

 Last Update: 2022-12-02
 Source: Internet
 Author: User

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1 2 liter

copper 2 nitrate formula

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1.
Summary of copper prices in major domestic cities

market	name of article	Material	Price range		Change	remark
Guangdong spot	1# Copper	1 #	35740-35940	Yuan/ton	-190	Tax included
Shanghai spot	1# Copper	1 #	35750-35850	Yuan/ton	-180	Tax included
Shanghai spot	Flat water copper		35750-35830	Yuan/ton	-180	Tax included
Shanghai spot	Liters of copper		35770-35850	Yuan/ton	-180	Tax included
Shanghai	1# Copper	1 #	35750-35850	Yuan/ton	-200	Tax included
Foshan spot	1# Electrolytic copper plate	1 #	33100-33300	Yuan/ton	-300	Tax not included
Jinan spot	1# Copper	1 #	35900-35900	Yuan/ton	-200	Tax included
Shenyang spot	1# Copper	1 #	36000-36000	Yuan/ton	-200	Tax included
Beijing spot	1# Copper	1 #	35950-35950	Yuan/ton	-200	Tax included
Tianjin spot	1# Copper	1 #	35950-35950	Yuan/ton	-200	Tax included
Wuxi spot	1# Copper	1 #	35950-35950	Yuan/ton	-200	Tax included
Xi'an spot	1# Copper	1 #	36000-36000	Yuan/ton	-200	Tax included
Chongqing spot	1# Copper	1 #	36000-36000	Yuan/ton	-200	Tax included
Guangzhou spot	1# Copper	1 #	36050-36050	Yuan/ton	-190	Tax included
Wuhan spot	1# Copper	1 #	35950-35950	Yuan/ton	-200	Tax included
Kunming spot	1# Copper	1 #	36050-36050	Yuan/ton	-200	Tax included

market name of article Material Price range Change remark Guangdong spot 1# Copper 1# 35740-35940 Yuan/ton -190 Tax included Shanghai spot 1# Copper 1# 35750-35850 Yuan/ton -180 Tax included Shanghai spot Flat water copper 35750-35830 Yuan/ton -180 Tax included Shanghai spot Liters of copper 35770-35850 Yuan/ton -180 Tax included Shanghai 1# Copper 1# 35750-35850 Yuan/ton -200 Tax included Foshan spot 1# Electrolytic copper plate 1# 33100-33300 Yuan/ton -300 Tax not included Jinan spot 1# Copper 1# 35900-35900 Yuan/ton -200 Tax included Shenyang spot 1# Copper 1# 36000-36000 Yuan/ton -200 Tax included Beijing spot 1# Copper 1# 35950-35950 Yuan/ton -200 Tax included Tianjin spot 1# Copper 1# 35950-35950 Yuan/ton -200 Tax included Wuxi spot 1# Copper 1# 35950-35950 Yuan/ton -200 Tax included Xi'an spot 1# Copper 1# 36000-36000 Yuan/ton -200 Tax included Chongqing spot 1# Copper 1# 36000-36000 Yuan/ton -200 Tax included Guangzhou spot 1# Copper 1# 36050-36050 Yuan/ton -190 Tax included Wuhan spot 1# Copper 1# 35950-35950 Yuan/ton -200 Tax included Kunming spot 1# Copper 1# 36050-36050 Yuan/ton -200 Tax included market name of article Material Price range Change remark Market market Product name, product name Material material Price RangePrice Range Ups and downs Remarks Note: Remarks Guangdong spot 1# Copper 1# 35740-35940 Yuan/ton -190 Tax included Guangdong spot 1# Copper 1# 35740-35940 Yuan/ton -190 Tax included Shanghai spot 1# Copper 1# 35750-35850 Yuan/ton -180 Tax included Shanghai spot 1# Copper 1# 35750-35850 Yuan/ton -180 Tax included Shanghai spot Flat water copper 35750-35830 Yuan/ton -180 Tax included Shanghai spot Flat water copper 35750-35830 Yuan/ton -180 Tax included Shanghai spot Liters of copper 35770-35850 Yuan/ton -180 Tax included Shanghai spot Liters of copper 35770-35850 Yuan/ton -180 Tax included Shanghai 1# Copper 1# 35750-35850 Yuan/ton -200 Tax included Shanghai 1# Copper 1# 35750-35850 Yuan/ton -200 Tax included Foshan spot 1# Electrolytic copper plate 1# 33100-33300 Yuan/ton -300 Tax not included Foshan spot 1# Electrolytic copper plate 1# 33100-33300 Yuan/ton -300 Tax not included Jinan spot 1# Copper 1# 35900-35900 Yuan/ton -200 Tax included Jinan spot 1# Copper 1# 35900-35900 Yuan/ton -200 Tax included Shenyang spot 1# Copper 1# 36000-36000 Yuan/ton -200 Tax included Shenyang spot 1# Copper 1# 36000-36000 Yuan/ton -200 Tax included Beijing spot 1# Copper 1# 35950-35950 Yuan/ton -200 Tax included Beijing spot 1# Copper 1# 35950-35950 Yuan/ton -200 Tax included Tianjin spot 1# Copper 1# 35950-35950 Yuan/ton -200 Tax included Tianjin spot 1# Copper 1# 35950-35950 Yuan/ton -200 Tax included Wuxi spot 1# Copper 1# 35950-35950 Yuan/ton -200 Tax included Wuxi spot 1# Copper 1# 35950-35950 Yuan/ton -200 Tax included Xi'an spot 1# Copper 1# 36000-36000 Yuan/ton -200 Tax included Xi'an spot 1# Copper 1# 36000-36000 Yuan/ton -200 Tax included Chongqing spot 1# Copper 1# 36000-36000 Yuan/ton -200 Tax included Chongqing spot 1# Copper 1# 36000-36000 Yuan/ton -200 Tax included Guangzhou spot 1# Copper 1# 36050-36050 Yuan/ton -190 Tax included Guangzhou spot 1# Copper 1# 36050-36050 Yuan/ton -190 Tax included Wuhan spot 1# Copper 1# 35950-35950 Yuan/ton -200 Tax included Wuhan spot 1# Copper 1# 35950-35950 Yuan/ton -200 Tax included Kunming spot 1# Copper 1# 36050-36050 Yuan/ton -200 Tax included Kunming spot 1# Copper 1# 36050-36050 Yuan/ton -200 Tax included

2.
Market review

Yesterday's Shanghai copper low volatility, the main contract 1607 night to the lowest point of 35670 yuan after a slight rise, then there was a pullback, the end of the shock sorted, and finally closed at 35830 yuan, down 440 yuan, down 1.
21%.

Today's Shanghai copper still opened low downward, the current month 1602 contract opened at 36050 yuan / ton, as of 15:00 p.
m.
, the latest price was 36250 yuan / ton, down 60 yuan; The lowest price within the day was 35910 yuan / ton, and the highest price was 36310 yuan / ton
.
The main opening price of Shanghai copper was 35780 yuan / ton, as of 15:00 pm, the latest price was 35930 yuan / ton, down 340 yuan; The lowest price of the day is 35670 yuan / ton, and the highest price is 36080 yuan / ton
.

Shanghai copper

Externally, the London Metal Exchange (LME) three-month copper shock fell
unilaterally yesterday.
It opened at $4,781 in the morning, dipped from a high of $4,784.
5, and then fell in shock, and finally closed at $4,686.
5, down $101.
5, or 2.
12%.

London copper is trading near four-week lows today after renewed unease about China's economic growth and falling steel hit demand
for commodities.
Three-month copper on the London Metal Exchange (LME) briefly hit its lowest level since April 12 at $4,680 a tonne, and the contract was last down 0.
10% at $4,681 a tonne, closing 2.
6%
lower on the previous day.

3.
Overview of the domestic copper market

On the macro front, the latest import and export data showed that China's foreign trade cooled in April, exports were lower than expected, imports unexpectedly fell sharply, and concerns about weak Chinese demand swept the base metals market again, after the copper rally spurred by China's bright economic data also ended
.
In addition, China's copper imports fell from record highs in April, further depressing the sentiment of the copper market, and today's copper price trend continued to fall
.
Abroad, oil prices gave up their earlier gains on Monday and fell below $44 per barrel, with falling oil prices putting pressure on the base metals market, and the external copper market bore the brunt, and copper prices fluctuated and fell
.

In terms of the market, today's Shanghai electrolytic copper spot reported flat water - premium water 30 yuan / ton, flat water copper transaction price 35750 yuan / ton - 35830 yuan / ton, premium copper transaction price 35770 yuan / ton - 35850 yuan / ton
.
Yesterday, the market was well supplied, traders shipped more actively, and downstream manufacturers were afraid that copper prices would fall too rapidly and remained cautious and wait-and-see, purchasing a small amount on demand
.
Today's Shanghai copper continued to fall, the morning market has some low-priced outflow, a small number of large traders sold at low prices, but with the return of the low level, holders have begun to sell at high prices, coupled with early speculators and downstream bargain buying, the number of incoming goods increased slightly, because after the continuous decline in copper prices, the overall market transaction situation slightly improved compared with the previous trading day
.

4.
Copper closing situation

Today, after the opening of the Shanghai copper contract 1607 slightly lower to 35720 yuan / ton, after the crude oil rebounded, Shanghai copper slightly boosted slightly shocked upward, the highest to 36080 yuan / ton was blocked to fall, 1607 finally closed 35950 yuan / ton, down 320 yuan / ton, down 0.
88%.

Shanghai copper was slightly warmed up by the impact of the better inflation data in April, but the overall structure is still weak, 36,000 yuan / ton is still under heavy pressure, and the rebound is expected to be limited, and it will continue to fall
after the rebound.

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