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Shanghai copper oscillating operation The market wait-and-see mood is strong

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

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Today's Shanghai copper shock operation, the main month 2105 contract opened at 66860 yuan / ton, the highest intraday 67290 yuan / ton, the lowest 66550 yuan / ton, settlement 66870 yuan / ton, closed 66720 yuan / ton, up 80 yuan
.
The trading volume of the main 2105 contract of Shanghai copper decreased by 23412 lots to 96815 contracts throughout the day, and the position decreased by 5149 to 112311 lots
.

Shanghai copper

During the Asian session, London copper rushed back down, and the latest quotation at 15:01 Beijing time was 8937.
5 US dollars / ton, down 72 US dollars, or 0.
80%.

In terms of the market, today's domestic spot copper prices rose, Yangtze River non-ferrous metal network 1# copper price was 66780 yuan / ton, up 300 yuan, premium 70-liter 130; Guangdong spot 1# copper price was reported at 66690 yuan / ton, up 360 yuan; Yangtze River spot 1# copper 66800 yuan / ton, up 350 yuan, premium 110-liter 130; Shanghai spot 1# copper price was 66770 yuan / ton, up 380 yuan
.

In the spot market, the wait-and-see mood is strong, downstream consumption is general, and the transaction has declined
.
Inventories began to decline in some areas, infrastructure and real estate in the south started in Guisheng, and signs of peak consumption season supported prices
.

Long-term quality declines and lack of investment affect mine supply, while demand for electrification and electric vehicles will increase copper demand
.
At present, there is a risk of supply disruption, copper concentrate processing and refining costs have fallen sharply, the traditional domestic peak season is gradually coming, and spot copper prices are expected to rise
.

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