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Shanghai copper opens low and goes low In the short term, it is not ruled out to continue to explore

 Last Update: 2022-12-16
 Source: Internet
 Author: User

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On Thursday, Shanghai copper opened low and went low, the main monthly 1907 contract opened at 46360 yuan / ton, the highest intraday 46370 yuan / ton, the lowest 45830 yuan / ton, settled 46050 yuan / ton, closed 46010 yuan / ton, down 440 yuan, down 0.
95%.

The trading volume of the main 1907 contract of Shanghai copper increased by 35366 lots 127806 the day, and the position increased by 900 lots to 211650 lots
.

Shanghai copper

In the market, domestic spot copper prices fell, Yangtze River nonferrous metal network 1# copper price was reported at 46050 yuan / ton, down 590 yuan, premium 150-liter 210; Guangdong spot 1# copper price reported 46010 yuan / ton, down 610 yuan; Yangtze River spot 1# copper price 46120 yuan / ton, down 550 yuan, premium 230-liter 270; Shanghai spot 1# copper price was 46040 yuan / ton, down 610 yuan
.

During the Asian session, London copper was strong, and the latest quotation at 15:00 Beijing time was 5816 US dollars / ton, up 26 US dollars, or 0.
44%.

In the spot market, the Dragon Boat Festival holiday is coming, the market risk aversion is rising, the high premium makes the market stop, and the willingness of holders to exchange cash before the holiday is eager to take the initiative to lower the quotation but it is still difficult
to trade.
The macro side continues to be weak, the market risk aversion is still strong, the industrial profit is not obvious, and the short-term copper price is not ruled out
.

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