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    Home > Chemicals Industry > New Chemical Materials > Shanghai copper fluctuates at a high level, and the overall trading of the market is average

    Shanghai copper fluctuates at a high level, and the overall trading of the market is average

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
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    Today's Shanghai copper high volatility, the main month 2103 contract opened at 58780 yuan / ton, the highest intraday 59100 yuan / ton, the lowest 58580 yuan / ton, settled 58840 yuan / ton, closed 58780 yuan / ton, up 420 yuan
    .
    The trading volume of the main 2103 contract of Shanghai copper decreased by 33022 lots throughout the day 122271, and the position increased by 3873 to 114010 lots
    .

    Shanghai copper

    During the Asian session, London copper was strongly volatile, and the latest quotation at 15:00 Beijing time was 8016.
    5 US dollars / ton, up 18 US dollars, or 0.
    23%.

    In terms of the market, today's domestic spot copper prices rose, Yangtze River nonferrous metal network 1# copper price was 58800 yuan / ton, up 5300 yuan, 60-120 liters; Guangdong spot 1# copper price was 58790 yuan / ton, up 530 yuan; Yangtze River spot 1# copper price 58900 yuan / ton, up 510 yuan, premium 170-liter 190; Shanghai spot 1# copper price was 58830 yuan / ton, up 590 yuan
    .

    In the spot market, holders hold prices, traders are afraid of heights and cautious wait-and-see, downstream consumption is weakened, and the overall trading is average
    .
    Markets are counting on further fiscal stimulus measures in the United States, and the global economy may recover strongly as vaccines become available, although the accumulation of social inventories in the off-season and weaker demand are expected to limit the upside
    .

    In view of the rapid increase in confirmed cases, Malaysia's tightening of action control measures will affect its recycled copper production and exports, and will affect China's recycled copper imports in the first quarter; At present, although consumption is insufficient, inventories are still at a low level overall, copper mine inventories have also fallen to low levels, and spot copper prices are expected to rise
    .

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