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Shanghai copper fluctuated downward, and the overall market trading performance was average

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

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Today's Shanghai copper shock downward, the main month 2201 contract opened at 69390 yuan / ton, the highest intraday 69790 yuan / ton, the lowest 68910 yuan / ton, settlement 69230 yuan / ton, closed 69080 yuan / ton, down 150 yuan, down 0.
22%.

The trading volume of the main 2201 contract of Shanghai copper decreased by 11143 lots 111405 lots, and the position volume 149335 decreased by 3276 lots
.

Shanghai copper

During the Asian session, London copper fluctuated trend, and the latest quotation at 15:01 Beijing time was 9432 US dollars / ton, up 15 US dollars, or 0.
16%.

In terms of the market, today's domestic spot copper prices rose slightly, 1# copper price was reported at 70130 yuan / ton, up 110 yuan, premium 280-liter 340; Guangdong spot 1# copper price was 70180 yuan / ton, up 240 yuan; Yangtze River spot 1# copper 70170 yuan / ton, up 270 yuan, premium 250-liter 450; Shanghai spot 1# copper price was 69905 yuan / ton, up 90 yuan
.

In the spot market, the holders adjust prices for cash, the downstream maintains just need to purchase, the low price replenishment, the trading activity is relatively general, and the overall transaction performance is average
.
There are still macro risks in the risk of new strains, and the downstream still maintains just need to replenish inventory, spot prices rise to the upside, dragging the futures price down, but the low internal and external inventory strongly supports spot copper prices, and the short-term copper price trend is volatile
.

In terms of news, Peruvian copper mines in South America will close production, and Peru is likely to increase mining taxes, copper concentrate processing fees are still under pressure, coupled with the continued destocking of domestic warehouses, spot high premiums remain at the level of three or four hundred to limit copper prices to retrace, copper is expected to rise
slightly.

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