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Shanghai copper continues to rise The overall market transaction is limited

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

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Today's Shanghai copper continued to rise, refreshing the highest since March 2011, the main month 2106 contract opened at 73580 yuan / ton, the highest intraday 74950 yuan / ton, the lowest 73430 yuan / ton, settled 74150 yuan / ton, closed 74900 yuan / ton, up 1920 yuan
.
The trading volume of the main 2106 contract of Shanghai copper increased by 77822 lots 179927 lot decrease throughout the day, and the position increased by 125 to 160182 lots
.

Shanghai copper

During the Asian session, London copper opened high, and the latest quotation at 15:01 Beijing time was 10237.
5 US dollars / ton, a new record high, up 122 US dollars, or 1.
21%.

In terms of the market, today's domestic spot copper prices rose sharply, Yangtze River nonferrous metal network 1# copper price reported 74200 yuan / ton, up 1420 yuan, discount 80-discount 20; Guangdong spot 1# copper price reported 74150 yuan / ton, up 1400 yuan; Yangtze River spot 1# copper 74280 yuan / ton, up 1430 yuan, discount 0-liter 20; Shanghai spot 1# copper price was 74170 yuan / ton, up 1370 yuan
.

In the spot market, long-term trading is the mainstay, and the downstream maintains rigid demand, and the overall transaction is limited
.
The lower house of Chile's Congress passed a bill to increase taxes on the sale of copper, lithium and other metals, raising concerns about investment in the country, affecting global supply and supporting copper market fundamentals
.

In terms of news, green investment has long driven demand growth, Goldman Sachs called copper "new oil"; Chilean copper production has declined, and global copper mine supply has recovered less than expected; At present, the domestic market is in the traditional peak season, the inventory inflection point may have appeared, and the spot copper price is expected to rise
.

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