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Shanghai copper fluctuates low The market is cautious before the holiday

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

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Today's Shanghai copper low volatility, the main month 2103 contract opened at 57790 yuan / ton, the highest intraday 57910 yuan / ton, the lowest 57260 yuan / ton, the settlement 57610 yuan / ton, the close 57300 yuan / ton, down 600 yuan
.
The trading volume of the main 2103 contract of Shanghai copper decreased by 49,555 lots throughout the day 114326, and the position increased by 35 to 117673 lots
.

Shanghai copper

During the Asian session, London copper rushed back down, and the latest quotation at 15:00 Beijing time was 7776.
5 US dollars / ton, down 46 US dollars, or 0.
59%.

In terms of the market, today's domestic spot copper prices fell, Yangtze River non-ferrous metal network 1# copper price was reported at 57750 yuan / ton, down 310 yuan, premium 10-liter 70; Guangdong spot 1# copper price reported 57840 yuan / ton, down 150 yuan; Yangtze River spot 1# copper 57870 yuan / ton, down 330 yuan, premium 120-liter 140; Shanghai spot 1# copper price was 57725 yuan / ton, down 115 yuan
.

In the spot market, holders lowered their premiums, received few goods, downstream demand continued to be weak, and transactions weakened
.
The market before the holiday is cautious, market demand has weakened, there is a short-term accumulation expectation, processing enterprises gradually enter a holiday state, copper prices lack support
.

The long Spring Festival holiday in China is approaching, and copper stocks are expected to accumulate, but the current global explicit stocks are relatively low; The downstream stocking ended before the holiday, processing enterprises and traders gradually entered a holiday state, market consumption was seasonally weak, and spot copper prices were expected to fall
.

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