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Shanghai copper opens high and goes high, and consumption in the domestic market can be expected after the holiday

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

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copper 1

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Today's Shanghai copper opened high, the main month 2103 contract opened at 58790 yuan / ton, the highest intraday 59720 yuan / ton, the lowest 58780 yuan / ton, settled 59280 yuan / ton, closed 59570 yuan / ton, up 980 yuan
.
The trading volume of the main 2103 contract of Shanghai copper decreased by 11366 lots to 91536 contracts throughout the day, and the position decreased by 3521 to 90464 lots
.

Shanghai copper

During the Asian session, London copper fluctuated upward, and the latest quotation at 15:00 Beijing time was 8105 US dollars / ton, up 31.
5 US dollars, or 0.
39%.

In terms of the market, today's domestic spot copper prices rose, Yangtze River nonferrous metal network 1# copper price was reported at 59340 yuan / ton, up 500 yuan, discount 30-liter 30; Guangdong spot 1# copper price was 59370 yuan / ton, up 550 yuan; Yangtze River spot 1# copper 59450 yuan / ton, up 460 yuan, premium 100-liter 120; Shanghai spot 1# copper price was 59380 yuan / ton, up 465 yuan
.

In the spot market, the festive atmosphere is strong, there is basically no consumption downstream, and the transaction is sluggish
.
Positive developments in US fiscal stimulus and supported by a weak US dollar, copper concentrate TC remains low, and post-holiday consumption expectations are optimistic
.

The global economy is in a state of recovery, the logic of domestic and foreign economic recovery continues, and China will inject more growth impetus into the global economic recovery; At present, the global explicit inventory is generally at a low level, the mine end remains tight, and the domestic market can be expected to consume after the holiday, and the spot copper price is expected to rise
.

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