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Shanghai copper fluctuated at a high level and continued its strong operation in the short term

 Last Update: 2022-12-22
 Source: Internet
 Author: User

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high volatility

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Today's Shanghai copper high volatility, the main month 2110 contract opened at 70450 yuan / ton, the highest intraday 70600 yuan / ton, the lowest 69750 yuan / ton, settlement 69700 yuan / ton, closed 70100 yuan / ton, up 400 yuan
.
The trading volume of the main 2110 contract of Shanghai copper decreased by 33146 lots 100739 lots, and the position volume of 132113 lots increased by 2820 lots
.

Shanghai copper

During the Asian session, London copper fluctuated in a narrow range, and the latest quotation at 15:01 Beijing time was 9519 US dollars / ton, up 99 US dollars, or 1.
05%.

In terms of the market, today's domestic spot copper prices rose, Yangtze River non-ferrous metal network 1# copper price was reported at 70380 yuan / ton, up 280 yuan, premium 180-liter 240; Guangdong spot 1# copper price was 70390 yuan / ton, up 320 yuan; Yangtze River spot 1# copper 70440 yuan / ton, up 310 yuan, premium 260-liter 280; Shanghai spot 1# copper price was 70320 yuan / ton, up 220 yuan
.

In the spot market, the downstream is mostly purchased with just demand, the willingness of the receiver to reduce the price is strong, the trading and investment parties are slightly deadlocked, and the overall trading volume is relatively limited
.
The supply disturbance at the end of the Chilean copper mine continues, the third batch of domestic copper reserves is less than expected, the superimposed copper inventory continues to decline and the arrival volume decreases, the resilience of downstream consumption is still there, and the short-term copper price continues to run
strongly.

The Cerro Colorado copper miners' association of BHP Billiton said on Monday that it had voted to reject the company's latest contract proposal, which could lead to a strike
.

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