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Shanghai copper fluctuated at a high level, and the overall trading volume of the market was average

 Last Update: 2022-12-23
 Source: Internet
 Author: User

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Today's Shanghai copper high volatility, the main month 2112 contract opened at 70220 yuan / ton, the highest intraday 70880 yuan / ton, the lowest 70030 yuan / ton, settlement 70030 yuan / ton, close 70550 yuan / ton, up 520 yuan
.
The trading volume of the main 2111 contract of Shanghai copper was 95172 lots, a decrease of 26141 lots, and the position volume of 153566 lots increased by 858 lots
.

Shanghai copper

During the Asian session, London copper fluctuated at a low level, and the latest quotation at 15:01 Beijing time was 9506 US dollars / ton, down 56 US dollars, or 0.
57%.

In terms of the market, today's domestic spot copper prices rose, 1# copper price was 71180 yuan / ton, up 250 yuan, 120-180 liters; Guangdong spot 1# copper price was reported at 71120 yuan / ton, up 190 yuan; Yangtze River spot 1# copper 71260 yuan / ton, up 260 yuan, premium 180-liter 240; Shanghai spot 1# copper price was 71185 yuan / ton, up 285 yuan
.

In the spot market, the quotation of the holder is relatively firm, the enthusiasm is not high, the receiver buys generally, the trading atmosphere is cold, and the overall transaction is average
.
The decline in domestic electrolytic copper production in October was limited by the impact of electricity and smelter maintenance, and copper inventories were still at a low level, and the support below copper prices still existed, and copper prices fluctuated in
the short term.

On the macro front, a number of Fed officials are warming up for a possible interest rate hike next year, and the launch of domestic carbon emission reduction support tools is favorable, and on the whole, the judgment of unilateral fluctuations and downside risks is maintained, and the view on copper prices is relatively neutral
.

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