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    Home > Chemicals Industry > New Chemical Materials > Shanghai copper runs at a high level At the end of the month, the atmosphere is getting colder

    Shanghai copper runs at a high level At the end of the month, the atmosphere is getting colder

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    Today's Shanghai copper running at a high level, the main monthly 2107 contract opened at 71970 yuan / ton, the highest intraday 74480 yuan / ton, the lowest 71970 yuan / ton, settled 73330 yuan / ton, closed 73350 yuan / ton, up 1590 yuan
    .
    The main 2107 contract of Shanghai copper increased by 87939 lots to 245750 contracts throughout the day, and the position increased by 5747 to 138997 lots
    .

    Shanghai copper

    During the Asian session, the trend of London copper was weak, and the latest quotation at 15:01 Beijing time was 10201 US dollars / ton, down 92.
    5 US dollars, or 0.
    90%.

    Today's domestic spot copper prices rose sharply, 1# copper price was 73380 yuan / ton, up 2120 yuan, discount 130-discount 70; Guangdong spot 1# copper price was 73340 yuan / ton, up 2130 yuan; Yangtze River spot 1# copper 73470 yuan / ton, up 2120 yuan, discount 30-discount 10; Shanghai spot 1# copper price was 73390 yuan / ton, up 2065 yuan
    .

    In the spot market, the atmosphere at the end of the month is getting cooler, downstream consumption is weak, and trading performance is poor
    .
    Continuous supply disruptions at Chilean copper mines and Biden's massive plans to boost the market, but the sluggish consumption season may limit the upward momentum
    of copper prices.

    Goldman Sachs Research reported that if Chile's bill to raise copper royalties is passed, 1 million tons of copper production per year, equivalent to 4%
    of global supply, could be at risk.
    Spot copper prices are expected to rise
    sharply as news of recent strikes at two copper mines in Chile, including Escondida, the world's largest copper mine, has been supported by supply concerns.

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