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Shanghai copper continues to move higher in the afternoon The market transaction is average

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

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Today's Shanghai copper began to climb near noon, and continued to rise in the afternoon, the main monthly 2105 contract opened at 65390 yuan / ton, the highest intraday 67260 yuan / ton, the lowest 65340 yuan / ton, settled 66150 yuan / ton, closed 67090 yuan / ton, up 1560 yuan
.
The trading volume of the main 2105 contract of Shanghai copper increased by 57823 lots throughout the day 192731 lots, and the position decreased by 13344 to 128627 lots
.

Shanghai copper

Today's domestic spot copper prices remained stable, Yangtze River nonferrous metal network 1# copper price was reported at 65570 yuan / ton, down 20 yuan, premium 0-60; Guangdong spot 1# copper price was 65590 yuan / ton, down 30 yuan; Yangtze River spot 1# copper 65650 yuan / ton, up 30 yuan, premium 90-liter 110; Shanghai spot 1# copper price was 65885 yuan / ton, up 385 yuan
.

Today is a UK bank holiday, and the LME is closed
.
In the spot market, the price of the holder is obvious, the premium is higher, the downstream is waiting and seeing, and the transaction is average
.
Global copper smelting activity has declined, supply constraints have affected smelter production, demand recovery has been less than expected, and copper prices have been volatile
.

On the news front, global copper smelting activity fell to its lowest level in five years in March, with China failing to recover due to
supply shortages, satellite monitoring data from copper mills.
Copper concentrate processing fees continue to decline, concentrate shortages have made smelter production difficult, and spot copper prices are expected to rise
.

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