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Today's Shanghai copper shock upward, the main month 2006 contract opened at 42860 yuan / ton, the highest intraday 43330 yuan / ton, the lowest 42730 yuan / ton, settled 43060 yuan / ton, closed 43270 yuan / ton, up 270 yuan, or 0.
63%.
The trading volume of the main 2006 contract of Shanghai copper was 67642 lots, a decrease of 7745 lots, and the position volume decreased by 4401 to 106766 lots
.
In terms of external trading, during the Asian session, London copper opened high and went higher, and the latest quotation at 15:00 Beijing time was 5240.
5 US dollars / ton, up 55 US dollars, or 1.
06%.
In terms of the market, today's domestic spot copper prices fell slightly, Yangtze River nonferrous metal network 1# copper price was reported at 43270 yuan / ton, down 60 yuan, premium 110-liter 170; Guangdong spot 1# copper price reported 43320 yuan / ton, down 30 yuan; Yangtze River spot 1# copper price 43350 yuan / ton, down 60 yuan, premium 200-liter 220; Shanghai spot 1# copper price was 43260 yuan / ton, down 80 yuan
.
In the spot market, the supply of goods is limited, the downstream maintains rigid demand, and the transaction is mainly received by traders, and the overall activity is general
.
Although copper mine shipments are gradually recovering, port transportation and delivery still need to queue, short-term copper concentrate supply remains tight, domestic terminal consumption is improving, but the global economic downturn, the epidemic may be repeated, and there is pressure
above copper prices.
Last week, copper prices ended the rebound trend of nearly two months, the price fluctuated around 43,000 yuan / ton, macro gave more pressure on copper prices, the Federal Reserve temporarily did not adopt negative interest rate policy, the epidemic in the United States has the possibility of a second outbreak, plus the hidden worries of the deterioration of Sino-US trade relations still exist, copper prices have insufficient momentum to rebound; Supply still supports copper prices, but the impact is weakening at the margin; At present, copper prices rely on the strong domestic copper demand and the good expectations of the "two sessions" are still fluctuating at a high level, and try to build a new price support, so that the overall center of gravity of copper prices is shifted, next week is expected that copper prices will still maintain a volatile trend, pay attention to the recovery of overseas demand and the continuation of domestic consumption recovery, operationally recommended wait-and-see, bargain long
.
