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Shanghai copper runs at a low level The overall transaction volume of the market is limited

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

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1 copper

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Today's Shanghai copper is running low, the main monthly 2104 contract opened at 66130 yuan / ton, the highest intraday 66280 yuan / ton, the lowest 65070 yuan / ton, the settlement 65690 yuan / ton, the close 65400 yuan / ton, down 1300 yuan
.
The trading volume of the main 2104 contract of Shanghai copper increased by 5865 lots to 194750 lots throughout the day, and the position increased by 761 to 131006 lots
.

Shanghai copper

During the Asian session, London copper fluctuated in a narrow range, and the latest quotation at 15:00 Beijing time was 8806 US dollars / ton, down 20 US dollars, or 0.
23%.

In terms of the market, today's domestic spot copper prices fell sharply, Yangtze River non-ferrous metal network 1# copper price was 65540 yuan / ton, down 1080 yuan, discount 60-discount 0; Guangdong spot 1# copper price was 65620 yuan / ton, down 1070 yuan; Yangtze River spot 1# copper 65690 yuan / ton, down 1060 yuan, premium 100-liter 120; Shanghai spot 1# copper price was 65520 yuan / ton, down 1040 yuan
.

In the spot market, some traders tested the water at high prices, downstream consumption improved slightly, and the overall transaction was limited
.
Concerns about tightening policies in China weigh on prices, but demand expectations remain good, labor negotiations at Chile's copper mines are not smooth, supply-side disruptions are present, and fundamentals remain supportive
.

In terms of news, Peru said that copper production in 2021 may reach a record 2.
5 million tons, much higher than last year's 2.
15 million tons, the current mine production has gradually recovered, while Chilean waves have also eased, supply disruptions have gradually slowed down; Recently, domestic copper stocks have continued to increase, and London copper stocks have shown signs of rising since March, and spot copper prices are expected to fall
sharply.

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