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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

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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
.

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