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    Home > Chemicals Industry > New Chemical Materials > Shanghai copper running low The overall market is cautious and wait-and-see

    Shanghai copper running low The overall market is cautious and wait-and-see

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
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    Today's Shanghai copper is running at a low level, the main month 2012 contract opened at 51505 yuan / ton, the highest intraday 51300 yuan / ton, the lowest 50720 yuan / ton, settled 51030 yuan / ton, closed 51070 yuan / ton, down 110 yuan
    .
    The trading volume of the main 2012 contract of Shanghai copper decreased by 32,099 lots 114844 the whole day, and the position decreased by 2009 to 114199 lots
    .

    Shanghai copper

    During the Asian session, London copper was strongly volatile, and the latest quotation at 15:00 Beijing time was 6727.
    5 US dollars / ton, up 14.
    5 US dollars, or 0.
    22%.

    In terms of the market, today's domestic spot copper prices fell, Yangtze River nonferrous metal network 1# copper price was 51090 yuan / ton, down 51150 yuan / ton, down 440 yuan, premium 250-liter 270; Shanghai spot 1# copper price was 51100 yuan / ton, down 430 yuan
    .

    In the spot market, some downstream bargain-hunting purchases, the overall market is cautious, and the transaction is still at a relatively low level
    .
    Last week's copper inventory in the previous period decreased significantly, and the market still expected consumption, but cable companies did not improve significantly, fundamental support was limited, macro uncertainty was disturbed, and copper prices fluctuated
    .

    Wire and cable consumption has not improved recently, wire and cable enterprise operating rate slightly decreased month-on-month, but increased year-on-year, while automotive and other terminal markets performed well, the current tight supply of mines showed signs of easing, Chile September copper production fell 0.
    8% year-on-year, while Chile's national copper company Codelco copper production this year has increased by 4% year-on-year, spot copper prices are expected to fall
    .

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