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Shanghai copper fluctuated at a high level, and downstream consumption continued to be sluggish

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

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Today's Shanghai copper high volatility, the main month 2009 contract opened at 50410 yuan / ton, the highest intraday 50750 yuan / ton, the lowest 50040 yuan / ton, the settlement 50390 yuan / ton, the close 50730 yuan / ton, down 840 yuan
.

Shanghai copper

During the Asian session, London copper fluctuated upward, and the latest quotation at 15:01 Beijing time was 6420.
5 US dollars / ton, up 55 US dollars, or 0.
86%.

In terms of the market, today's domestic spot copper prices rose, Yangtze River non-ferrous metal network 1# copper price was 50380 yuan / ton, up 340 yuan, premium 90-liter 150; Guangdong spot 1# copper price was 50340 yuan / ton, up 370 yuan; Yangtze River spot 1# copper price 50460 yuan / ton, up 320 yuan, premium 130-liter 150; Shanghai spot 1# copper price was 50380 yuan / ton, up 335 yuan
.

In the spot market, downstream consumption continued to be sluggish, traders were dominated by transactions, and the overall trading was relatively
deadlocked.
At present, downstream consumption is relatively light, but the production and sales of air conditioners and automobiles continue to grow, and the supply of scrap copper is tightened, and there is support
below copper prices as the impact of the off-season gradually fades.

China's economic operation in July maintained a stable recovery trend, market demand gradually picked up, the growth rate of retail sales turned from negative to positive for the first time this year, real estate data exceeded expectations, consumption in terminal markets such as automobiles and home appliances was stronger than expected, and spot copper prices were expected to rise
.

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