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Shanghai copper opened low and rebounded, and downstream consumption was not good

 Last Update: 2022-12-25
 Source: Internet
 Author: User

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Today's Shanghai copper opened low and rebounded, the main monthly 2209 contract opened at 61040 yuan / ton, the highest intraday 62460 yuan / ton, the lowest 60830 yuan / ton, settled 61940 yuan / ton, closed 62040 yuan / ton, up 100 yuan, or 0.
16%.

The trading volume of the main 2209 contract of Shanghai copper decreased by 12,967 lots 126975 lots, and the 155892 position decreased by 3,367 lots
.

Shanghai copper

During the Asian session, London copper bottomed out and rebounded, and the latest quotation at 15:01 Beijing time was 7981 US dollars / ton, up 3 US dollars, or 0.
03%.

In terms of the market, today's domestic spot copper prices rose slightly, Yangtze River spot 1# copper 62540 yuan / ton, up 160 yuan, premium 430-liter 470; Yangtze River Comprehensive 1# copper price reported 62560 yuan / ton, up 200 yuan, premium 410-liter 3530; Guangdong spot 1# copper price reported 62580 yuan / ton, up 250 yuan, premium 390-premium 590; Shanghai spot 1# copper price was 62500 yuan / ton, up 250 yuan
.

In the spot market, under the influence of power cuts and the epidemic, downstream consumption is not good, the willingness of receivers to replenish goods is not high, the transaction has not heard of the transaction for the time being, the transaction situation is not good, and the transaction is not ideal.

The weakening of copper prices was mainly affected by a number of poor domestic economic data, but the market has picked up today, the domestic central bank cut interest rates to support economic growth, infrastructure investment growth boosted copper consumption, and spot premiums expanded, limiting the space
for copper prices to recover.

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