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Shanghai copper runs at a high level and the market is mainly consumed on demand

 Last Update: 2022-12-19
 Source: Internet
 Author: User

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Today's Shanghai copper running at a high level, the main month 2010 contract opened at 51880 yuan / ton, the highest intraday 52840 yuan / ton, the lowest 51730 yuan / ton, settled 52260 yuan / ton, closed 52240 yuan / ton, up 840 yuan
.
The trading volume of the main 2010 contract of Shanghai copper increased by 15,622 lots 168908 lots, and the position decreased by 841 to 113928 lots
.

Shanghai copper

During the Asian session, London copper rushed back down, and the latest quotation at 15:01 Beijing time was 6739.
5 US dollars / ton, down 40.
5 US dollars, or 0.
60%.

In terms of the market, today's domestic spot copper prices rose, Yangtze River nonferrous metal network 1# copper price was reported at 52630 yuan / ton, up 1130 yuan, premium 70-liter 130; Guangdong spot 1# copper price was 52540 yuan / ton, up 1110 yuan; Yangtze River spot 1# copper price 52690 yuan / ton, up 1140 yuan, premium 130-liter 150; Shanghai spot 1# copper price was 52640 yuan / ton, up 1190 yuan
.

In the spot market, traders' buying sentiment is reduced, and downstream wait-and-see is stronger, and on-demand consumption is dominant
.
Copper mine production in major copper-producing countries has basically returned to normal levels, and domestic demand for gold, silver and ten peak seasons may be less than expected, and short-term copper prices remain volatile
.

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