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Today's Shanghai copper opened high and low, the main month 2203 contract opened at 71000 yuan / ton, the highest intraday 71180 yuan / ton, the lowest 70290 yuan / ton, settled 70460 yuan / ton, closed 70430 yuan / ton, down 30 yuan, down 0.
04%.
The trading volume of the main 2203 contract of Shanghai copper was 49911 lots, a decrease of 29299 lots, and the position volume of 126890 contracts decreased by 2410 lots
.
During the Asian session, London copper fluctuated downward, and the latest quotation at 15:01 Beijing time was 9785 US dollars / ton, down 90 US dollars, or 0.
91%.
In terms of the market, today's domestic spot copper prices rose, Yangtze River non-ferrous metal network 1# copper price was reported at 71080 yuan / ton, up 540 yuan, premium 120-liter 180; Guangdong spot 1# copper price was reported at 70860 yuan / ton, up 400 yuan / ton; Yangtze River spot 1# copper 71210 yuan / ton, up 610 yuan, premium 260-liter 300; Shanghai spot 1# copper price was reported at 71070 yuan / ton, up 570 yuan
.
In the spot market, the holiday atmosphere is strong, a small number of traders ship, downstream demand is weak, and the transaction is negative
.
During the holiday period, London copper stocks continued to decline, and the pace of dematerialization did not slow down, coupled with the Las Bambas copper mine in Peru was blocked again, but the domestic holiday atmosphere is still strong, and copper prices are difficult to perform
well due to concerns about tightening overseas liquidity.
While several protests have paralyzed critical operations in some countries, Peru, the world's second-largest producer after Chile, also saw copper production increase by nearly 7% to 2.
3 million mt
in 2021.