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Shanghai copper shock falls, the short-term trend is still volatile

 Last Update: 2022-12-23
 Source: Internet
 Author: User

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Today's Shanghai copper shock fell, the main month 2112 contract opened at 70140 yuan / ton, the highest intraday 70990 yuan / ton, the lowest 69380 yuan / ton, settled 70240 yuan / ton, closed 69660 yuan / ton, down 580 yuan
.
The trading volume of the main 2111 contract of Shanghai copper increased by 20,305 lots 142807 the whole day, and the position volume 149521 decreased by 1,033 lots
.

Shanghai copper

During the Asian session, the high level of London copper fell back, and the latest quotation at 15:01 Beijing time was 9462 US dollars / ton, down 39 US dollars, or 0.
42%.

In terms of the market, today's domestic spot copper prices rose slightly, 1# copper price was reported at 71380 yuan / ton, up 40 yuan, premium 470-530; Guangdong spot 1# copper price was reported at 71270 yuan / ton, up 140 yuan; Yangtze River spot 1# copper 71390 yuan / ton, up 20 yuan, premium 440-liter 560; Shanghai spot 1# copper price was 71225 yuan / ton, up 105 yuan
.

In the spot market, holders generally report premiums, downstream maintenance of on-demand procurement, good trading, and overall transaction is average
.
Domestic power curtailment and production restriction have had a negative impact on both supply and demand, and the import window is difficult to open in the short term, domestic spot supply is still facing a test, and short-term copper prices are still in a volatile trend
.

Overseas Peruvian mine transportation continues to be disturbed, domestic power restrictions and production restrictions have a negative impact on both supply and demand, supply-side output continues to decline, while downstream consumer market trading is still not good, refinery maintenance shipments are reduced, supply and demand are slightly misaligned, and copper is expected to rise and fall limited
.

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