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    Home > Chemicals Industry > New Chemical Materials > Shanghai copper is running strongly, and the market transaction is relatively light

    Shanghai copper is running strongly, and the market transaction is relatively light

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    Today's Shanghai copper is running strongly, the main monthly 2202 contract opened at 68690 yuan / ton, the highest intraday 69300 yuan / ton, the lowest 68610 yuan / ton, the settlement 68880 yuan / ton, the close 69230 yuan / ton, up 350 yuan, or 0.
    51%.

    The trading volume of the main 2202 contract of Shanghai copper increased by 11782 lots to 83762 lots throughout the day, and the position volume 136634 increased by 3679 lots
    .

    Shanghai copper

    During the Asian session, London copper fluctuated strongly, and the latest quotation at 15:01 Beijing time was 9500 US dollars / ton, up 40 US dollars, or 0.
    43%.

    In terms of the market, today's domestic spot copper prices rose slightly, Yangtze River non-ferrous metal network 1# copper price was reported at 69470 yuan / ton, up 220 yuan, premium 290-liter 350; Guangdong spot 1# copper price was 69250 yuan / ton, up 210 yuan / ton; Yangtze River spot 1# copper 69500 yuan / ton, up 220 yuan, premium 330-liter 370; Shanghai spot 1# copper price was 69405 yuan / ton, up 205 yuan
    .

    In the spot market, the holders are willing to sell, the downstream willingness to buy is weak, in the face of high premium, the market is slightly hesitant, and the transaction is relatively light
    .
    Global explicit copper stocks no longer continue to accumulate, but the decline is relatively limited, and the macro atmosphere continues to suppress copper prices, coupled with the Omicron variant raging around the world, making copper prices rise limited
    .

    In terms of industries, China's refined copper (electrolytic copper) production in November was 877,000 tons, a slight increase of 0.
    2%
    from the same period last year.
    Alumina production in November fell 4.
    5% year-on-year to 6.
    05 million mt, the lowest
    since May 2020.
    China's November lead production rose 7.
    9% year-on-year to 673,000 mt, the highest
    since December 2020.

    Shanghai copper opened high during the day, and the latest opening price of the Shanghai copper 2201 contract was 69080 yuan / ton, up 200 yuan
    .
    Rising foreign costs have led to smelter production reductions, European gas supply problems are still continuing, and electricity prices continue to soar, but domestic power supply has improved, the impact of copper smelting capacity restrictions has weakened, downstream starts have slowly recovered, refined copper consumption is relatively stable, and the capital flow of the real estate industry has picked up.

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