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Shanghai copper fluctuates at a low level The market performance is average

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

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Today's Shanghai copper fluctuated at a low level, the main monthly 2107 contract opened at 69110 yuan / ton, the highest intraday 69490 yuan / ton, the lowest 68380 yuan / ton, settled 70320 yuan / ton, closed 68450 yuan / ton, down 1870 yuan
.
The trading volume of the main 2107 contract of Shanghai copper increased by 34,545 lots 151836 the whole day, and the position volume 126238 decreased by 4,328 lots
.

Shanghai copper

During the Asian session, London copper fluctuated back, and the latest quotation at 15:01 Beijing time was 9508 US dollars / ton, down 52 US dollars, or 2.
11%.

In the market, the domestic spot copper price fell, 1# copper price was 69220 yuan / ton, down 880 yuan, discount 60-discount 0; Guangdong spot 1# copper price was reported at 69090 yuan / ton, down 900 yuan; Yangtze River spot 1# copper 69380 yuan / ton, down 780 yuan, premium 110-liter 130; Shanghai spot 1# copper price was 69290 yuan / ton, down 675 yuan
.

The spot market is actively trading and offers are increasing, which is more active than yesterday, but the overall circulation is still too small to limit the trading volume
.
According to the official website of the National Reserve Administration, in accordance with the State Council meeting, the work deployment of ensuring the supply and price of bulk commodities will be released, and copper and other reserves
will be released in batches.
The launch is open to non-ferrous metal processing and manufacturing
.
Asian stocks were subdued and investors wary of any hawkish hints
from the Federal Reserve.

On the news front, China last week renewed its pledge to strengthen surveillance of commodity prices, with domestic producer inflation hitting a new high and the country entering the off-season of consumption, and copper prices are expected to fall
.

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