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Shanghai copper oscillations are strong, and wait-and-see sentiment is strong

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

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Today's Shanghai copper volatility is strong, the main month 2103 contract opened at 58300 yuan / ton, the highest intraday 59250 yuan / ton, the lowest 58170 yuan / ton, settled 58830 yuan / ton, closed 59090 yuan / ton, up 40 yuan
.
The trading volume of the main 2103 contract of Shanghai copper increased by 12,877 lots 156396 the whole day, and the position decreased by 215 to 123697 lots
.

Shanghai copper

During the Asian session, London copper opened high, and the latest quotation at 15:00 Beijing time was 8007.
5 US dollars / ton, up 21.
5 US dollars, or 0.
27%.

In terms of the market, today's domestic spot copper prices rose slightly, Yangtze River non-ferrous metal network 1# copper price reported 59,000 yuan / ton, up 100 yuan, 40-100 liters; Guangdong spot 1# copper price was 58990 yuan / ton, down 30 yuan; Yangtze River spot 1# copper 59130 yuan / ton, up 90 yuan, premium 180-liter 200; Shanghai spot 1# copper price was 59070 yuan / ton, up 150 yuan
.

In the spot market, the wait-and-see mood is strong, downstream consumption is sluggish, and the transaction is average
.
Inventories are still falling during the off-season, copper inventories on the world's three major exchanges have fallen in unison, US stimulus expectations are still in place, and there is support
below copper prices.

In terms of news, Shanghai Futures Exchange copper inventories fell by 6,437 tons last week to 67,248 tons, which has fallen for the third consecutive week, and the world's major exchange inventories continue to decline, but the impact of the current off-season still exists, the Chilean earthquake has not seen a significant impact, copper mines have not yet declared force majeure, spot copper prices are expected to rise or fall little
.

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