 Home > Chemicals Industry > New Chemical Materials > Shanghai copper runs strongly, and the off-season is not light, giving some support to prices

Shanghai copper runs strongly, and the off-season is not light, giving some support to prices

 Last Update: 2022-12-22
 Source: Internet
 Author: User

Tags

low cardiac output

london gas prices

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

Today's Shanghai copper is running strongly, the main monthly 2109 contract opened at 66820 yuan / ton, the highest intraday 68130 yuan / ton, the lowest 66820 yuan / ton, the settlement 66590 yuan / ton, the close 67620 yuan / ton, up 1030 yuan
.
The trading volume of the main 2109 contract of Shanghai copper decreased by 27095 lots 131415 lots, and the position volume 129201 increased by 156 lots
.

Shanghai copper

During the Asian session, London copper was strongly volatile, and the latest quotation at 15:01 Beijing time was 9098 US dollars / ton, up 47 US dollars, or 0.
51%.

In terms of the market, today's domestic spot copper prices rose, Yangtze River non-ferrous metal network 1# copper price was reported at 68410 yuan / ton, up 990 yuan, premium 270-330; Guangdong spot 1# copper price was 68310 yuan / ton, up 1070 yuan; Yangtze River spot 1# copper 68380 yuan / ton, up 1020 yuan, premium 260-liter 280; Shanghai spot 1# copper price was 68270 yuan / ton, up 1080 yuan
.

In the spot market, the holders cover the goods and sell, the receivers mostly purchase at low prices, and the downstream is afraid of heights and leave the market, the overall transaction activity is average, and the actual transaction is light
.
South American mine supply is still disturbed, global shipping is hindered by the rebound of the epidemic, domestic copper inventories continue to fall, superimposed on the decline in refined waste price spread, and the market is still showing that the off-season is not light, and the fundamentals are favorable for copper prices
.

Recently, due to the impact of power cuts to interfere with copper smelting output, superimposed on the low price spread of refined waste is conducive to refined copper consumption, domestic refined copper inventories continue to decline, the market off-season is not weak and then entered the peak season characteristics, giving certain support to the price, and the price of copper is rising
.

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

Slip Agent Oleamide with 98% purity CAS 301-02-0 oleamid slip aging

CAS No.: 301-02-0

Pharmacy Grade

$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

Fluorescent Brightener ER-1 C.I. 199

CAS No.: 13001-40-6

Industrial Grade

$52.86/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)

80 20 company(94)

united states logo(227)

ups united states(221)

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.