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Today's Shanghai copper opened high, refreshing more than nine years high, the main month 2104 contract opened at 61770 yuan / ton, the highest intraday 63390 yuan / ton, the lowest 61730 yuan / ton, settled 62730 yuan / ton, closed 63340 yuan / ton, up 3100 yuan
.
The trading volume of the main 2104 contract of Shanghai copper increased by 1313 lots to 92849 lots throughout the day, and the position increased by 15961 to 127851 lots
.
During the Asian session, London copper opened high and went high, and the latest quotation at 15:00 Beijing time was 8592.
5 US dollars / ton, up 179.
5 US dollars, or 2.
13%.
In terms of the market, today's domestic spot copper prices rose sharply, Yangtze River nonferrous metal network 1# copper price was 62770 yuan / ton, up 2470 yuan, discount 10-liter 50; Guangdong spot 1# copper price was 62760 yuan / ton, up 2450 yuan; Yangtze River spot 1# copper 62880 yuan / ton, up 2470 yuan, premium 120-liter 140; Shanghai spot 1# copper price was 62685 yuan / ton, up 2480 yuan
.
In the spot market, the holiday atmosphere is still strong, a small number of shipments, consumption has not seen a significant increase, and the transaction is weak
.
The Federal Reserve maintained its easing policy, the outlook for the US bailout bill was good, China's post-holiday demand expectations were strong, inventories were overall low, and copper prices were temporarily supported
.
Biden's stimulus package has made progress, and the US House of Representatives may vote
on February 26.
More importantly, the overseas epidemic situation has improved significantly, the UK will choose to plan to lift restrictions, there is no repeated epidemic during the domestic Spring Festival holiday, macroeconomic improvement is expected to be further enhanced, market liquidity is abundant, crude oil prices are also rising, these macro factors are positive for copper prices
.
On the other hand, Chile and Peru are not smooth transportation, the supply has a certain dry burning in the short term, LME copper stocks have also continued to decline, and the demand side has good expectations
under the expectation of "carbon neutrality" and "new energy".
Copper prices outside the holiday also rose significantly, and it is expected that copper prices will maintain an upward channel
after the holiday.
