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    Home > Chemicals Industry > New Chemical Materials > Shanghai copper fluctuated low, and the price center of gravity shifted downward

    Shanghai copper fluctuated low, and the price center of gravity shifted downward

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Today's Shanghai copper low volatility, the main month 2201 contract opened at 69100 yuan / ton, the highest intraday 69150 yuan / ton, the lowest 68000 yuan / ton, settled 68910 yuan / ton, closed 68000 yuan / ton, down 910 yuan, down 1.
    32%.

    The trading volume of the main 2201 contract of Shanghai copper was 95585 lots, a decrease of 4336 lots, and the position volume of 135574 lots increased by 1730 lots
    .

    Shanghai copper

    During the Asian session, the high level of London copper fell, and the latest quotation at 15:01 Beijing time was 9353 US dollars / ton, down 35 US dollars, or 0.
    37%.

    In terms of the market, today's domestic spot copper prices are mixed, Yangtze River non-ferrous metal network 1# copper price is 68990 yuan / ton, up 50 yuan, premium 80-liter 140; Guangdong spot 1# copper price reported 68960 yuan / ton, down 60 yuan / ton; Yangtze River spot 1# copper 69050 yuan / ton, up 40 yuan, premium 240-liter 280; Shanghai spot 1# copper price was 68870 yuan / ton, up 25 yuan
    .

    In the spot market, the holders lowered their shipments for cash, the downstream wait-and-see sentiment was stronger, the trading activity was relatively weak, and the market transaction was not good
    .
    The US PPI in November exceeded expectations, inflationary pressures continued to increase, while the recovery of the domestic economy remained constrained, coupled with the increasing LME copper stocks, the market supply pressure was eased, support weakened, and the center of gravity of copper prices shifted
    downward.

    At present, the supply disturbance at the overseas mine end is limited, copper stocks continue to increase downstream consumption is still general, LME copper stocks rebounded slightly for a week, spot premiums turned to discounts, and concerns about slowing demand heated up, short-term copper prices are more likely to weaken, and copper is expected to fall
    slightly.

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