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Shanghai copper continues to rise, and market transactions are basically stagnant

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

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Today's Shanghai copper continued to rise, the main monthly 2103 contract opened at 59610 yuan / ton, the highest intraday 60830 yuan / ton, the lowest 59420 yuan / ton, settled 60050 yuan / ton, closed 60800 yuan / ton, up 1520 yuan
.
The trading volume of the main 2103 contract of Shanghai copper decreased by 11366 lots to 91536 contracts throughout the day, and the position decreased by 3521 to 90464 lots
.

Shanghai copper

During the Asian session, London copper opened high, and the latest quotation at 15:00 Beijing time was 8266 US dollars / ton, up 129 US dollars, or 1.
58%.

Today's domestic spot copper prices rose sharply, Yangtze River nonferrous metal network 1# copper price was reported at 60300 yuan / ton, up 960 yuan, discount 30-liter 30; Guangdong spot 1# copper price reported 60310 yuan / ton, up 940 yuan; Yangtze River spot 1# copper 60410 yuan / ton, up 960 yuan, premium 100-liter 120; Shanghai spot 1# copper price was 60205 yuan / ton, up 825 yuan
.

In the spot market, the holiday atmosphere is strong, and the transaction is basically stagnant
.
Post-holiday consumption is expected to be better, the scale of accumulation has declined compared with previous years, and the global copper concentrate has maintained a tight pattern
.

Copper concentrate TC weekly decline, electrolytic copper production decline month-on-month, post-holiday supply may appear a phased shortage, the current domestic and foreign inventories are at a low level, the recent inventory accumulation is low, post-holiday consumption expectations are optimistic, spot copper prices are expected to rise
.

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