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Shanghai copper opened high and went low, and market transactions improved slightly

 Last Update: 2022-12-21
 Source: Internet
 Author: User

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Today's Shanghai copper opened high and low, the main monthly 2104 contract opened at 70080 yuan / ton, the highest intraday 70440 yuan / ton, the lowest 67940 yuan / ton, settled 69150 yuan / ton, closed 67950 yuan / ton, down 1430 yuan
.
The trading volume of the main 2104 contract of Shanghai copper increased by 18,934 lots 422027 lots, and the position decreased by 13,203 to 140997 lots
.

Shanghai copper

During the Asian session, London copper fluctuated at a low level, and the latest quotation at 15:00 Beijing time was 9226 US dollars / ton, down 129 US dollars, or 1.
38%.

In terms of the market, today's domestic spot copper prices fell sharply, Yangtze River nonferrous metal network 1# copper price was 68460 yuan / ton, down 1710 yuan, discount 170-discount 110; Guangdong spot 1# copper price was reported at 68450 yuan / ton, down 1790 yuan; Yangtze River spot 1# copper 68560 yuan / ton, down 1700 yuan, discount 70-discount 50; Shanghai spot 1# copper price was 68395 yuan / ton, down 1505 yuan
.

In the spot market, the discount range narrowed, traders mainly traded, and the transaction volume improved slightly
.
U.
S.
Treasury yields climbed, stock markets hit commodity bulls, and there was a pullback in demand after the recent rapid price climb, and downstream consumption willingness was insufficient
.

Recently, copper prices have risen rapidly, there is a pullback demand in the market, the spot market has changed from a premium pattern to a discount pattern, and high prices have inhibited downstream consumption; The terminal home appliance industry was affected, the upward pressure on raw material costs increased, and spot copper prices were expected to fall
.

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