 Home > Chemicals Industry > New Chemical Materials > Shanghai copper opened low and fluctuated and continued to consolidate weakly in the afternoon

Shanghai copper opened low and fluctuated and continued to consolidate weakly in the afternoon

 Last Update: 2022-12-02
 Source: Internet
 Author: User

Tags

vans material

dielectric material

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

1.
Summary of copper prices in major domestic cities

market	name of article	Material	Price range		Change	remark
Guangdong spot	1# Copper	1 #	36860-37060	Yuan/ton	180	Tax included
Shanghai spot	1# Copper	1 #	36820-36980	Yuan/ton	150	Tax included
Shanghai spot	Flat water copper		36820-36920	Yuan/ton	130	Tax included
Shanghai spot	Liters of copper		36840-36980	Yuan/ton	150	Tax included
Shanghai	1# Copper	1 #	36850-36950	Yuan/ton	200	Tax included
Foshan spot	1# Electrolytic copper plate	1 #	34400-34600	Yuan/ton	100	Tax not included
Jinan spot	1# Copper	1 #	36950-36950	Yuan/ton	150	Tax included
Shenyang spot	1# Copper	1 #	37050-37050	Yuan/ton	150	Tax included
Beijing spot	1# Copper	1 #	37000-37000	Yuan/ton	150	Tax included
Tianjin spot	1# Copper	1 #	37000-37000	Yuan/ton	150	Tax included
Wuxi spot	1# Copper	1 #	37000-37000	Yuan/ton	150	Tax included
Xi'an spot	1# Copper	1 #	37050-37050	Yuan/ton	150	Tax included
Chongqing spot	1# Copper	1 #	37050-37050	Yuan/ton	150	Tax included
Guangzhou spot	1# Copper	1 #	37150-37150	Yuan/ton	180	Tax included
Wuhan spot	1# Copper	1 #	37000-37000	Yuan/ton	150	Tax included
Kunming spot	1# Copper	1 #	37100-37100	Yuan/ton	150	Tax included

market name of article Material Price range Change remark Guangdong spot 1# Copper 1# 36860-37060 Yuan/ton 180 Tax included Shanghai spot 1# Copper 1# 36820-36980 Yuan/ton 150 Tax included Shanghai spot Flat water copper 36820-36920 Yuan/ton 130 Tax included Shanghai spot Liters of copper 36840-36980 Yuan/ton 150 Tax included Shanghai 1# Copper 1# 36850-36950 Yuan/ton 200 Tax included Foshan spot 1# Electrolytic copper plate 1# 34400-34600 Yuan/ton 100 Tax not included Jinan spot 1# Copper 1# 36950-36950 Yuan/ton 150 Tax included Shenyang spot 1# Copper 1# 37050-37050 Yuan/ton 150 Tax included Beijing spot 1# Copper 1# 37000-37000 Yuan/ton 150 Tax included Tianjin spot 1# Copper 1# 37000-37000 Yuan/ton 150 Tax included Wuxi spot 1# Copper 1# 37000-37000 Yuan/ton 150 Tax included Xi'an spot 1# Copper 1# 37050-37050 Yuan/ton 150 Tax included Chongqing spot 1# Copper 1# 37050-37050 Yuan/ton 150 Tax included Guangzhou spot 1# Copper 1# 37150-37150 Yuan/ton 180 Tax included Wuhan spot 1# Copper 1# 37000-37000 Yuan/ton 150 Tax included Kunming spot 1# Copper 1# 37100-37100 Yuan/ton 150 Tax included market name of article Material Price range Change remark Market market Product name, product name Material material Price RangePrice Range Ups and downs Remarks Note: Remarks Guangdong spot 1# Copper 1# 36860-37060 Yuan/ton 180 Tax included Guangdong spot 1# Copper 1# 36860-37060 Yuan/ton 180 Tax included Shanghai spot 1# Copper 1# 36820-36980 Yuan/ton 150 Tax included Shanghai spot 1# Copper 1# 36820-36980 Yuan/ton 150 Tax included Shanghai spot Flat water copper 36820-36920 Yuan/ton 130 Tax included Shanghai spot Flat water copper 36820-36920 Yuan/ton 130 Tax included Shanghai spot Liters of copper 36840-36980 Yuan/ton 150 Tax included Shanghai spot Liters of copper 36840-36980 Yuan/ton 150 Tax included Shanghai 1# Copper 1# 36850-36950 Yuan/ton 200 Tax included Shanghai 1# Copper 1# 36850-36950 Yuan/ton 200 Tax included Foshan spot 1# Electrolytic copper plate 1# 34400-34600 Yuan/ton 100 Tax not included Foshan spot 1# Electrolytic copper plate 1# 34400-34600 Yuan/ton 100 Tax not included Jinan spot 1# Copper 1# 36950-36950 Yuan/ton 150 Tax included Jinan spot 1# Copper 1# 36950-36950 Yuan/ton 150 Tax included Shenyang spot 1# Copper 1# 37050-37050 Yuan/ton 150 Tax included Shenyang spot 1# Copper 1# 37050-37050 Yuan/ton 150 Tax included Beijing spot 1# Copper 1# 37000-37000 Yuan/ton 150 Tax included Beijing spot 1# Copper 1# 37000-37000 Yuan/ton 150 Tax included Tianjin spot 1# Copper 1# 37000-37000 Yuan/ton 150 Tax included Tianjin spot 1# Copper 1# 37000-37000 Yuan/ton 150 Tax included Wuxi spot 1# Copper 1# 37000-37000 Yuan/ton 150 Tax included Wuxi spot 1# Copper 1# 37000-37000 Yuan/ton 150 Tax included Xi'an spot 1# Copper 1# 37050-37050 Yuan/ton 150 Tax included Xi'an spot 1# Copper 1# 37050-37050 Yuan/ton 150 Tax included Chongqing spot 1# Copper 1# 37050-37050 Yuan/ton 150 Tax included Chongqing spot 1# Copper 1# 37050-37050 Yuan/ton 150 Tax included Guangzhou spot 1# Copper 1# 37150-37150 Yuan/ton 180 Tax included Guangzhou spot 1# Copper 1# 37150-37150 Yuan/ton 180 Tax included Wuhan spot 1# Copper 1# 37000-37000 Yuan/ton 150 Tax included Wuhan spot 1# Copper 1# 37000-37000 Yuan/ton 150 Tax included Kunming spot 1# Copper 1# 37100-37100 Yuan/ton 150 Tax included Kunming spot 1# Copper 1# 37100-37100 Yuan/ton 150 Tax included

2.
Market review

Shanghai copper opened low this morning and continued to consolidate
weakly in the afternoon.
The opening price of the current month's 1602 contract was 36140 yuan / ton, and as of 15:00 p.
m.
, the latest price was 36130 yuan / ton, down 80 yuan; The lowest price within the day is 36120 yuan / ton, and the highest price is 36180 yuan / ton
.
The main opening price of Shanghai copper was 37030 yuan / ton, as of 15:00 pm, the latest price was 36780 yuan / ton, down 180 yuan; The lowest price during the day was 36740 yuan / ton, and the highest price was 37130 yuan / ton
.

Shanghai copper

In the external market, London copper fluctuated overnight, rising slightly by $
3 at the end of the day.
Copper opened slightly lower today and held steady intraday, but weekly gains are on track for the biggest in six weeks amid signs that China's economic growth may stabilise
.
Three-month copper on the London Metal Exchange (LME) held steady at $4,834 a tonne, closing little changed
at the previous close.
The weekly copper line is expected to rise 4%, the biggest
increase since the week of March 4.

3.
Overview of the domestic copper market

On the macro front, today, China's first-quarter economic data, which has attracted much attention from the market, has been released, with a GDP of 6.
7% year-on-year, and China's economy ushered in a "good start", in line with market expectations, no special performance, limited support for base metal prices
.
In addition, global financial leaders issued gloomy comments on the global economy on Thursday, alleging that the UK's possible exit from the European Union posed a serious threat, rising anti-trade sentiment also threatened the global economy, investor caution increased, and base metals markets came under pressure
.

Today's Shanghai electrolytic copper spot reported a premium of 20 yuan / ton - 100 yuan / ton, flat water copper trading price of 36820 yuan / ton - 36920 yuan / ton, premium copper transaction price of 36840 yuan / ton - 36980 yuan / ton
.
On the last trading day before delivery, Shanghai copper consolidation was the mainstay
.
Because the supply is always sufficient, the downstream delivery volume is low during the week, and the market is expected to further expand the discount after delivery, so there is little interest in buying, both downstream and traders are willing to wait and see, and the characteristics of market oversupply are obvious
.

4.
Copper closing situation

Today, the Shanghai copper 1606 contract fluctuated after the opening, diving sharply to a minimum of 36,740 US dollars / ton during the session, and 1606 finally closed at 36780 yuan / ton, down 180 yuan / ton, or 0.
49%, and the position increased by 1524 lots
.
After all the important data in China this week, the market's attention will turn to the United States, copper prices to the dollar index this week reaction lagged, the current Shanghai copper price hovering around 36800, 37000 above the resistance is large, the future focus on the 36000 line of support
.

5.
Aftermarket analysis

After May, the market will gradually turn to off-season expectations, and based on the judgment of slow demand growth throughout the year, consumption will continue to be weak in the second half of the year, while the storage and storage effect has ended, and the supply of electro-copper is expected to increase rapidly
.
Copper prices may maintain a narrow range of volatility in the near future, the spot market is also entangled, short-term factors are that China's demand is still in the peak season, the later focus on the signal of the weakening of the peak season, the price may be a gradual topping process, it is recommended that bulls take advantage of the rebound to leave the market, waiting for the opportunity to sell short
.

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.