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    Home > Chemicals Industry > New Chemical Materials > Shanghai copper is strong and volatile, and market demand has not seen a significant improvement

    Shanghai copper is strong and volatile, and market demand has not seen a significant improvement

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    Today's Shanghai copper is strongly volatile, the main month 1911 contract opened at 47290 yuan / ton, the highest intraday 47500 yuan / ton, the lowest 47240 yuan / ton, the settlement 47390 yuan / ton, the close 47430 yuan / ton, up 30 yuan, or 0.
    06%.

    The trading volume of the main 1911 contract of Shanghai copper decreased by 24,034 lots throughout the 103648 day, and the position increased by 3,216 lots to 212954 lots
    .

    Shanghai copper

    In terms of external trading, during the Asian session, London copper trend is strong, Beijing time at 15:00, the latest quotation of 5832 US dollars / ton, up 18 US dollars, or 0.
    31%.

    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 47470 yuan / ton, up 70 yuan, 100-160 liters; Guangdong spot 1# copper price was 47430 yuan / ton, up 80 yuan; Yangtze River spot 1# copper price 47510 yuan / ton, up 70 yuan, premium 160-liter 180; Shanghai spot 1# copper price was 47465 yuan / ton, up 100 yuan
    .
    In the spot market, the willingness of holders to hold prices remains unchanged, the premium is high and difficult to fall, the downstream stops and watches, and the transaction continues to be light
    .
    Although China emphasizes the strength of micro policies and there are expectations of improvement in peak season consumption, the uncertainty of the economic outlook and monetary policy of the world's major economies is strong, and there is still pressure
    above copper prices.

    According to institutional statistics, the operating rate of wire and cable enterprises in August increased by 2.
    72 percentage points year-on-year, a slight decline month-on-month, better than expected, cable orders performed better, while the operating rate of copper pipe enterprises fell
    year-on-year.
    Copper company operating rates are mixed, demand has not seen a significant improvement, the current copper market lacks new upward momentum, and spot copper prices are expected to rise or fall little today
    .

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