 Home > Chemicals Industry > New Chemical Materials > Shanghai copper runs high, macro optimism supports prices climbing

Shanghai copper runs high, macro optimism supports prices climbing

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

Tags

discount beauty supply

rhodium price today

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

Today's Shanghai copper running at a high level, the main monthly 2105 contract opened at 68130 yuan / ton, the highest intraday 69500 yuan / ton, the lowest 68060 yuan / ton, the settlement 68820 yuan / ton, the close 68540 yuan / ton, up 1140 yuan
.
The trading volume of the main 2105 contract of Shanghai copper increased by 59637 lots 249767 the day, and the position increased by 14938 to 175967 lots
.

Shanghai copper

During the Asian session, London copper fluctuated weakly, and the latest quotation at 15:01 Beijing time was 9249 US dollars / ton, down 61 US dollars, or 0.
66%.

In terms of the market, today's domestic spot copper prices rose sharply, Yangtze River nonferrous metal network 1# copper price was 68550 yuan / ton, up 1430 yuan, discount 80-discount 20; Guangdong spot 1# copper price was 68470 yuan / ton, up 1350 yuan; Yangtze River spot 1# copper 68580 yuan / ton, up 1420 yuan, discount 40-discount 20; Shanghai spot 1# copper price was 68550 yuan / ton, up 1370 yuan
.

In the spot market, traders are cautious, downstream consumption is not booming, and transaction performance is weak
.
The second quarter is the traditional consumption season, the recent marginal improvement in demand, the continuation of the tight pattern of copper concentrate, and macro optimism supported the price climb.

In terms of news, there is a risk of interruption in copper mine supply, refining and processing fees continue to operate, and smelters are facing greater operating pressure; Citi said copper consumption in 2021 could significantly exceed expectations, advising customers to increase their holdings of copper in the coming weeks; Investment banks such as Goldman Sachs are very optimistic about copper, and the target price is getting higher and higher, and spot copper prices are expected to rise
sharply.

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

Related Products

9,10-Diphenylanthrac

CAS No.: 1499-10-1

$1-1.2/MT FOB

High Quality Polar Solvent 99.99% Ethylene carbonate/Ethylencarbonat/ EC CAS 96-49-1

CAS No.: 96-49-1

Pharmacy Grade

$1-1.2/MT FOB

High quality Fluorescent Brightener CBS-X 98% TOP1 supplier in China

CAS No.: 27344-41-8

Industrial Grade

$3/KG EXW

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

announcements today(81)

ups united states(221)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.