 Home > Chemicals Industry > New Chemical Materials > Shanghai copper fluctuated at a low level, and the overall trading performance of the market was flat

Shanghai copper fluctuated at a low level, and the overall trading performance of the market was flat

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

Tags

low

today fertilizer price

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

Today's Shanghai copper low volatility, the main month 2107 contract opened at 67150 yuan / ton, the highest intraday 67370 yuan / ton, the lowest 66350 yuan / ton, settlement 67830 yuan / ton, closed 66350 yuan / ton, down 1480 yuan
.
The main 2107 contract of Shanghai copper traded 131010 contracts throughout the day, down 28606 lots, and held 98793 lots, down 7491 lots
.

Shanghai copper

During the Asian session, London copper fluctuated trend, the latest quotation at 15:01 Beijing time was 9104 US dollars / ton, down 45 US dollars, or 0.
49%.

In terms of the market, today's domestic spot copper prices fell, Yangtze River non-ferrous metal network 1# copper price was 66850 yuan / ton, down 900 yuan, premium 130-liter 190; Guangdong spot 1# copper price was 66650 yuan / ton, down 900 yuan; Yangtze River spot 1# copper 66910 yuan / ton, down 860 yuan, premium 210-liter 230; Shanghai spot 1# copper price was 66860 yuan / ton, down 920 yuan
.

In the spot market, the overall transaction performance was flat, the downstream bearish sentiment was strong, and some traders looked forward to lowering prices to seek transactions, but the overall demand was limited and more scattered
.
Last week's news of the reserve dump landed, which may be considerable for the marginal increase in supply during the year; The supply of copper concentrate continued to recover, weekly processing fees rebounded, and consumption in some downstream industries showed signs
of weakening.

This week, the news of the dumping of domestic reserves was finally officially announced, and the impact of maintenance plant maintenance was reduced, and the consumption off-season was coming; Coupled with the Fed's policy has been skewed hawkishly, copper prices have finally broken decisively to the downside, and spot copper prices are expected to fall
.

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

Related Products

9,10-Diphenylanthrac

CAS No.: 1499-10-1

$1-1.2/MT FOB

High Quality Polar Solvent 99.99% Ethylene carbonate/Ethylencarbonat/ EC CAS 96-49-1

CAS No.: 96-49-1

Pharmacy Grade

$1-1.2/MT FOB

High quality Fluorescent Brightener CBS-X 98% TOP1 supplier in China

CAS No.: 27344-41-8

Industrial Grade

$3/KG EXW

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

announcements today(81)

ups united states(221)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.