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Shanghai copper is weak, and the decline continues to narrow

 Last Update: 2022-12-18
 Source: Internet
 Author: User

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Today's Shanghai copper is weak, the decline continues to narrow, the main month 2007 contract opening quotation of 43330 yuan / ton, the highest intraday 43680 yuan / ton, the lowest 43210 yuan / ton, settlement 43450 yuan / ton, close 43650 yuan / ton, down 80 yuan, down 0.
18%.

Shanghai copper

Today is the spring bank holiday, the London Metal Exchange (LME) is closed for one day, during which there is no market available
.

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 43770 yuan / ton, up 80 yuan, premium 150-liter 210; Guangdong spot 1# copper price was 43800 yuan / ton, up 80 yuan; Yangtze River spot 1# copper price 43830 yuan / ton, up 70 yuan, premium 230-liter 250; Shanghai spot 1# copper price was 43790 yuan / ton, up 10 yuan
.

In the spot market, holders generally ship at high prices, receivers are cautious, and the overall trading atmosphere is general
.
Trade tensions weigh on the outlook for economic and metal demand, downstream consumption is gradually moving through the peak season, and short-term copper prices may be dominated by weak
shocks.

On the market, the main contract of Shanghai copper is mainly sideways today, the US index is warming up, superimposed on the recent copper market consumption off-season, the main force of Shanghai copper is slightly weak, or at 4.
33~4.
4 consolidation to find a breakthrough direction, need further market news stimulation
.
Operate the upper merchants to reduce their holdings in batches, downstream just demand, pay attention to the recent macro news
.

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