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Shanghai copper fluctuated to the upside, and the overall trading of the market was light

 Last Update: 2022-12-21
 Source: Internet
 Author: User

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spot metal prices

short time 1990

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On Friday, Shanghai copper fluctuated upward, the main monthly 2103 contract opened at 57720 yuan / ton, the highest intraday 58240 yuan / ton, the lowest 57540 yuan / ton, settled 57900 yuan / ton, closed 58210 yuan / ton, up 580 yuan
.

Shanghai copper

During the Asian session, London copper opened high and went higher, and the latest quotation at 15:00 Beijing time was 7873.
5 US dollars / ton, up 59 US dollars, or 0.
76%.

Today's domestic spot copper prices rose slightly, Yangtze River nonferrous metal network 1# copper price was reported at 57960 yuan / ton, up 160 yuan, premium 30-liter 90; Guangdong spot 1# copper price was 57990 yuan / ton, up 250 yuan; Yangtze River spot 1# copper 58120 yuan / ton, up 110 yuan, premium 150-liter 170; Shanghai spot 1# copper price was 58,000 yuan / ton, up 185 yuan
.

In the spot market, traders purchase on demand, downstream consumption is weak, and the overall trading is light
.
At present, there is still no obvious accumulation of inventory, and signs of economic recovery in the United States have boosted the macro atmosphere, supporting copper prices to climb, but short-term domestic demand is weak, copper prices may have room
to fall.

In terms of news, overseas economic recovery expectations have strengthened, the US economic outlook will surpass the Eurozone, and some signs show signs of recovery in the US economy; At present, global explicit inventories are at a relatively low level, downstream starts this year will be higher than in previous years, and the post-holiday peak season is expected to provide support, and spot copper prices are expected to rise
slightly.

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