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Shanghai copper fluctuated at a low level, and the overall trading volume of the market was weak

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

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Today's Shanghai copper low volatility, the main month 2109 contract opened at 66060 yuan / ton, the highest intraday 67450 yuan / ton, the lowest 65770 yuan / ton, settlement 67370 yuan / ton, closed 67050 yuan / ton, down 320 yuan
.
The trading volume of the main 2109 contract of Shanghai copper increased by 845 lots to 158510 lots throughout the day, and the position volume of 129045 increased by 20477 lots
.

Shanghai copper

During the Asian session, London copper fluctuated in a narrow range, and the latest quotation at 15:01 Beijing time was 8997 US dollars / ton, up 112 US dollars, or 1.
25%.

In terms of the market, today's domestic spot copper prices fell, 1# copper price was 67420 yuan / ton, down 530 yuan, premium 330-390; Guangdong spot 1# copper price reported 67240 yuan / ton, down 480 yuan; Yangtze River spot 1# copper 67360 yuan / ton, down 570 yuan, premium 270-liter 290; Shanghai spot 1# copper price was 67190 yuan / ton, down 530 yuan
.

In the spot market, holders generally ship at high prices, downstream purchases cautiously, and receivers have limited stocking near the weekend, and the overall trading volume is weak
.
Chile copper mine supply disturbance temporarily subsided, the national reserve release is expected to continue to suppress copper prices, and repeatedly emphasized to ensure supply and price stability, the current copper market is in the traditional seasonal off-season, copper prices are temporarily in a volatile pattern
.

In terms of news, the domestic economic data is not good, coupled with the expected management of the State Reserve Bureau's reserve sales, the next step will continue to release national reserve copper, which aggravated the decline in copper prices, and the National Development and Reform Commission continued to emphasize the policy of ensuring supply and stabilizing prices, and copper prices were expected to fall
.

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