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Shanghai copper is strong and volatile China's demand is still strong

 Last Update: 2022-12-20
 Source: Internet
 Author: User

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Today's Shanghai copper is strong and volatile, the main month 2101 contract opened at 57150 yuan / ton, the highest intraday 57620 yuan / ton, the lowest 56710 yuan / ton, the settlement 57180 yuan / ton, the close 57450 yuan / ton, up 530 yuan
.
The trading volume of the main 2101 contract in Shanghai copper increased by 30273 lots throughout the day 223643, and the position decreased by 1818 to 128637 lots
.

Shanghai copper

During the Asian session, London copper opened high, and the latest quotation at 15:00 Beijing time was 7755 US dollars / ton, up 96.
5 US dollars, or 1.
26%.

In terms of the market, today's domestic spot copper prices remained stable, Yangtze River nonferrous metal network 1# copper price was reported at 57320 yuan / ton, up 30 yuan, premium 90-150; Guangdong spot 1# copper price was 57330 yuan / ton, down 70 yuan; Yangtze River spot 1# copper price 57420 yuan / ton, up 60 yuan, premium 190-liter 210; Shanghai spot 1# copper price was 57260 yuan / ton, up 10 yuan
.

In the spot market, the source of circulating goods has increased, and the transaction volume has declined near the weekend, and the supply and demand sides are still deadlocked
.
The market is counting on the introduction of fiscal stimulus packages in the United States, mine supply remains tight, and Chinese demand remains strong, supporting copper prices higher
.

Recently, some imported copper inflows, improving the tight state of inventory, smelting capacity is also on the rise, but the current low inventory has not changed, the tight state of the mine end has not changed significantly, copper concentrate processing fee TC is still low, and today's spot copper price is expected to rise or fall little
.

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