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    Home > Chemicals Industry > New Chemical Materials > Shanghai copper fluctuated and fell, and market trading continued to be light

    Shanghai copper fluctuated and fell, and market trading continued to be light

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Today's Shanghai copper shock fell, the main month 2112 contract opened at 71990 yuan / ton, the highest intraday 72290 yuan / ton, the lowest 70560 yuan / ton, settled 72010 yuan / ton, closed 70560 yuan / ton, down 1450 yuan
    .
    The trading volume of the main 2111 contract of Shanghai copper increased by 55833 lots 194977 the whole day, and the position volume 150037 decreased by 9845 lots
    .

    Shanghai copper

    During the Asian session, the London copper high fell back to a narrow range, and the latest quotation at 15:01 Beijing time was 9644 US dollars / ton, down 118 US dollars, or 1.
    21%.

    In terms of the market, today's domestic spot copper prices fell, 1# copper price was 72010 yuan / ton, down 720 yuan, premium 350-premium 410; Guangdong spot 1# copper price was reported at 71910 yuan / ton, down 670 yuan; Yangtze River spot 1# copper 72100 yuan / ton, down 680 yuan, premium 430-liter 510; Shanghai spot 1# copper price was 72100 yuan / ton, down 500 yuan
    .

    In the spot market, traders offer premium quotations, active shipments, downstream purchasing sentiment is better than yesterday, low-priced sources are better transactions, the trading atmosphere is warming up, and the overall transaction performance is acceptable
    .
    Domestic coal prices continue to fall to the limit, dragging down industrial products collectively green, although copper prices are supported by low inventory, but the recent rebound of copper concentrate processing fees has picked up, supply and demand have shown a loose trend, supply-side disturbances are limited, and copper prices are weak in the short term
    .

    On the industry front, the Antamina copper-zinc mine in Peru, in which Glencore and BHP Billiton have a partial stake, said on Tuesday that protesters were blocking a road used by the company to demand that the company honor its local agreements
    .

    From a fundamental point of view, the strike in Peru this week will interfere with the mine end, and in the current situation of continued high energy prices, it is not ruled out that the subsequent interference will intensify
    the mine end.
    In terms of consumption, market transactions continue to be light, and downstream stops and watches, and there is little willingness to purchase
    .

    Overall, the energy crisis and inflation continue, and the interest rate decisions of the three major central banks and the US inflation data have become the focus
    of market attention this week.
    The National Development and Reform Commission continued to deal with coal, and the sharp fall in coal prices dragged down copper prices in overnight trading, and it is temporarily maintaining its judgment
    on the relative neutrality of copper prices.

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