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Shanghai copper fluctuated at a high level, and domestic pre-holiday inventories fell

 Last Update: 2022-12-19
 Source: Internet
 Author: User

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Today's Shanghai copper high volatility, the main month 2011 contract opened at 51180 yuan / ton, the highest intraday 51450 yuan / ton, the lowest 50840 yuan / ton, settlement 51050 yuan / ton, closed 50940 yuan / ton, up 50 yuan
.
The trading volume of the main 2011 contract of Shanghai copper decreased by 26,014 lots 131521 lots, and the position decreased by 1,699 to 106448 lots
.

Shanghai copper

During the Asian session, London copper opened high and low, and the latest quotation at 15:00 Beijing time was 6555.
5 US dollars / ton, down 39.
5 US dollars, or 0.
60%.

In terms of the market, today's domestic spot copper prices rose slightly, Yangtze River nonferrous metal network 1# copper price was reported at 51050 yuan / ton, up 80 yuan, 10-70 liters; Guangdong spot 1# copper price was 51,000 yuan / ton, up 100 yuan; Yangtze River spot 1# copper price 51170 yuan / ton, up 100 yuan, premium 150-liter 170; Shanghai spot 1# copper price was 51120 yuan / ton, up 140 yuan
.

In the spot market, merchants continue to clear warehouses, downstream procurement and stocking, and the overall transaction performance is
acceptable.
Overseas copper mine supply gradually recovered, domestic pre-holiday inventory declined, copper concentrate spot processing fee TC continued to be low, and short-term copper prices fluctuated
.

Copper scrap imports are small, supply continues to be tight, and the price spread of refined scrap is still at a low level, which is conducive to refined copper consumption; TC continues to run at a low level, low processing fees suppress smelter rush demand, and the subsequent need to pay attention to the release of refined copper, spot copper prices are expected to rise
today.

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