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    Home > Chemicals Industry > New Chemical Materials > Shanghai copper runs high and waits for the range support effect to be determined

    Shanghai copper runs high and waits for the range support effect to be determined

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Today's Shanghai copper running high, the main monthly 2112 contract opened at 69400 yuan / ton, the highest intraday 70650 yuan / ton, the lowest 69340 yuan / ton, settled 69500 yuan / ton, closed 70000 yuan / ton, up 500 yuan
    .
    The trading volume of the main 2111 contract of Shanghai copper decreased by 45133 lots 121313 lots, and the position volume 152708 lot decreased by 4450 lots
    .

    Shanghai copper

    During the Asian session, London copper fluctuated in a narrow range, and the latest quotation at 15:01 Beijing time was 9515 US dollars / ton, up 12 US dollars, or 0.
    12%.

    In terms of the market, today's domestic spot copper prices rose, 1# copper price was 70930 yuan / ton, up 510 yuan, premium 80-liter 140; Guangdong spot 1# copper price was reported at 70930 yuan / ton, up 550 yuan; Yangtze River spot 1# copper 71000 yuan / ton, up 470 yuan, premium 80-liter 180; Shanghai spot 1# copper price was 70900 yuan / ton, up 670 yuan
    .

    In the spot market, holders actively support price shipments, downstream just need to consume, and the overall trading atmosphere is light
    .
    China's exports performed better than expected, coupled with the impact of electrolytic copper production still limited by electricity, and copper inventories continued to decline, copper prices received strong support
    .

    Today's Shanghai copper opened high and low, the day near the support level of volatility mainly, the end of the day closed Shanghai copper main 2112 contract closed at 70000, up 500, or 0.
    72%.

    。 The technical picture of Shanghai copper shows that the competition for long and short is fierce; The US non-farm payrolls data exceeded expectations and the US index strengthened, while crude oil stopped falling and rebounded, and the news had a mixed impact; Fundamentally, the downward pressure of the domestic economy continues, the commodity inflation pattern is difficult to change in the short term, it is expected that the recent copper price will continue to fluctuate in the near future, and the night session is close to the support level of 70,000 near the 70,000 mark, focusing on the main range of Shanghai copper reference 6.
    95-71,000, operationally, merchants reduce their holdings at high prices, downstream stocks, etc.
    , waiting for the range support effect to be determined
    .

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