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Shanghai copper opens high and goes high The short-term is still in an upward pattern

 Last Update: 2022-12-01
 Source: Internet
 Author: User

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1.
Summary of copper prices in major domestic cities

market	name of article	Material	Price range		Change	remark
Guangdong spot	1# Copper	1 #	37350-37550	Yuan/ton	50	Tax included
Shanghai spot	1# Copper	1 #	37360-37560	Yuan/ton	190	Tax included
Shanghai spot	Flat water copper		37360-37540	Yuan/ton	200	Tax included
Shanghai spot	Liters of copper		37380-37560	Yuan/ton	190	Tax included
Shanghai	1# Copper	1 #	37350-37450	Yuan/ton	100	Tax included
Foshan spot	1# Electrolytic copper plate	1 #	34900-35100	Yuan/ton	100	Tax not included
Jinan spot	1# Copper	1 #	37450-37450	Yuan/ton	100	Tax included
Shenyang spot	1# Copper	1 #	37550-37550	Yuan/ton	100	Tax included
Beijing spot	1# Copper	1 #	37500-37500	Yuan/ton	100	Tax included
Tianjin spot	1# Copper	1 #	37500-37500	Yuan/ton	100	Tax included
Wuxi spot	1# Copper	1 #	37500-37500	Yuan/ton	100	Tax included
Xi'an spot	1# Copper	1 #	37550-37550	Yuan/ton	100	Tax included
Chongqing spot	1# Copper	1 #	37550-37550	Yuan/ton	100	Tax included
Guangzhou spot	1# Copper	1 #	37660-37660	Yuan/ton	100	Tax included
Wuhan spot	1# Copper	1 #	37500-37500	Yuan/ton	100	Tax included
Kunming spot	1# Copper	1 #	37600-37600	Yuan/ton	100	Tax included

market name of article Material Price range Change remark Guangdong spot 1# Copper 1# 37350-37550 Yuan/ton 50 Tax included Shanghai spot 1# Copper 1# 37360-37560 Yuan/ton 190 Tax included Shanghai spot Flat water copper 37360-37540 Yuan/ton 200 Tax included Shanghai spot Liters of copper 37380-37560 Yuan/ton 190 Tax included Shanghai 1# Copper 1# 37350-37450 Yuan/ton 100 Tax included Foshan spot 1# Electrolytic copper plate 1# 34900-35100 Yuan/ton 100 Tax not included Jinan spot 1# Copper 1# 37450-37450 Yuan/ton 100 Tax included Shenyang spot 1# Copper 1# 37550-37550 Yuan/ton 100 Tax included Beijing spot 1# Copper 1# 37500-37500 Yuan/ton 100 Tax included Tianjin spot 1# Copper 1# 37500-37500 Yuan/ton 100 Tax included Wuxi spot 1# Copper 1# 37500-37500 Yuan/ton 100 Tax included Xi'an spot 1# Copper 1# 37550-37550 Yuan/ton 100 Tax included Chongqing spot 1# Copper 1# 37550-37550 Yuan/ton 100 Tax included Guangzhou spot 1# Copper 1# 37660-37660 Yuan/ton 100 Tax included Wuhan spot 1# Copper 1# 37500-37500 Yuan/ton 100 Tax included Kunming spot 1# Copper 1# 37600-37600 Yuan/ton 100 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# 37350-37550 Yuan/ton 50 Tax included Guangdong spot 1# Copper 1# 37350-37550 Yuan/ton 50 Tax included Shanghai spot 1# Copper 1# 37360-37560 Yuan/ton 190 Tax included Shanghai spot 1# Copper 1# 37360-37560 Yuan/ton 190 Tax included Shanghai spot Flat water copper 37360-37540 Yuan/ton 200 Tax included Shanghai spot Flat water copper 37360-37540 Yuan/ton 200 Tax included Shanghai spot Liters of copper 37380-37560 Yuan/ton 190 Tax included Shanghai spot Liters of copper 37380-37560 Yuan/ton 190 Tax included Shanghai 1# Copper 1# 37350-37450 Yuan/ton 100 Tax included Shanghai 1# Copper 1# 37350-37450 Yuan/ton 100 Tax included Foshan spot 1# Electrolytic copper plate 1# 34900-35100 Yuan/ton 100 Tax not included Foshan spot 1# Electrolytic copper plate 1# 34900-35100 Yuan/ton 100 Tax not included Jinan spot 1# Copper 1# 37450-37450 Yuan/ton 100 Tax included Jinan spot 1# Copper 1# 37450-37450 Yuan/ton 100 Tax included Shenyang spot 1# Copper 1# 37550-37550 Yuan/ton 100 Tax included Shenyang spot 1# Copper 1# 37550-37550 Yuan/ton 100 Tax included Beijing spot 1# Copper 1# 37500-37500 Yuan/ton 100 Tax included Beijing spot 1# Copper 1# 37500-37500 Yuan/ton 100 Tax included Tianjin spot 1# Copper 1# 37500-37500 Yuan/ton 100 Tax included Tianjin spot 1# Copper 1# 37500-37500 Yuan/ton 100 Tax included Wuxi spot 1# Copper 1# 37500-37500 Yuan/ton 100 Tax included Wuxi spot 1# Copper 1# 37500-37500 Yuan/ton 100 Tax included Xi'an spot 1# Copper 1# 37550-37550 Yuan/ton 100 Tax included Xi'an spot 1# Copper 1# 37550-37550 Yuan/ton 100 Tax included Chongqing spot 1# Copper 1# 37550-37550 Yuan/ton 100 Tax included Chongqing spot 1# Copper 1# 37550-37550 Yuan/ton 100 Tax included Guangzhou spot 1# Copper 1# 37660-37660 Yuan/ton 100 Tax included Guangzhou spot 1# Copper 1# 37660-37660 Yuan/ton 100 Tax included Wuhan spot 1# Copper 1# 37500-37500 Yuan/ton 100 Tax included Wuhan spot 1# Copper 1# 37500-37500 Yuan/ton 100 Tax included Kunming spot 1# Copper 1# 37600-37600 Yuan/ton 100 Tax included Kunming spot 1# Copper 1# 37600-37600 Yuan/ton 100 Tax included

2.
Market review

Boosted by the continued rise in oil prices yesterday, Shanghai copper fluctuated at an evening high, and today Shanghai copper opened slightly higher, and the afternoon rise further rose
.
The opening price of the current month's 1604 contract was 37530 yuan / ton, and as of 15:00 p.
m.
, the latest price was 38520 yuan / ton, up 960 yuan; The lowest price within the day is 37500 yuan / ton, and the highest price is 38540 yuan / ton
.
The main opening price of Shanghai copper was 37520 yuan / ton, and as of 15:00 pm, the latest price was 38070 yuan / ton, up 670 yuan; The lowest price during the day was 37350 yuan / ton, and the highest price was 38220 yuan / ton
.

Shanghai copper

Externally, crude oil prices rose nearly 4% yesterday evening, supporting commodity prices, base metals generally higher, and London copper closed up $30 to $4943, up 0.
61
%.
Today's LME copper session is near a one-month high in Asian electronics as investors' risk appetite increases
after an overnight surge in oil prices.
The London Metal Exchange (LME) three-month copper was last quoted at $4,963 a tonne
, after hitting $4,989 a tonne earlier.
The contract closed up 0.
9 percent
on Wednesday.

3.
Overview of the domestic copper market

On the macro front, the sharp rise in crude oil prices yesterday evening drove global stock markets up, boosting base metals market sentiment, and copper prices received some support
.
In addition, China's economy has recently shown a series of encouraging signs, including better than expected industrial production, real estate and borrowing data, especially the obvious recovery of the real estate market, the outlook for domestic copper market demand has been boosted, and it is expected that domestic copper prices will be strong in the short term.

Today's Shanghai electrolytic copper spot report discount 160 yuan / ton - discount 120 yuan / ton, flat water copper transaction price 37360 yuan / ton -37540 yuan / ton, premium copper transaction price 37380 yuan / ton - 37560 yuan / ton
.
Shanghai copper continued to rise sharply, and the large number of shipments of holders was maintained, but the discount reduction of copper was limited, and it was quickly digested by the market, making it difficult to expand
the discount reduction.
Downstream is still calm in the face of rising copper prices, buying on demand, and the overall transaction of the market is still concentrated among
traders.
Imported copper continues to flood the market, and the characteristics of oversupply are obvious
.
If the base metals market as a whole continues to warm, it is expected to usher in a round of downstream replenishment after staying downstream for many days
.

4.
Copper closing situation

Shanghai copper fluctuated to the upside this morning, and prices rose
further in the afternoon.
The Shanghai copper 1606 contract closed at 38,070 yuan / ton, up 670 yuan
from the previous session.
Copper prices have recently fluctuated upward, breaking through the upper edge of the previous sideways range, and are still in an upward pattern, the short-term trend is bullish unchanged, above the focus on the 38000 mark pressure, if you can break through the price here, there is a possibility
of further higher.

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