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Shanghai copper shock weakened downstream just demand

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

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Today's Shanghai copper shock weakened, the main month 2105 contract opened at 67680 yuan / ton, the highest intraday 67780 yuan / ton, the lowest 66690 yuan / ton, settled 67420 yuan / ton, closed 66740 yuan / ton, down 770 yuan
.
The trading volume of the main 2105 contract of Shanghai copper decreased by 66427 lots 137751 lots, and the position decreased by 3227 to 154268 lots
.

Shanghai copper

During the Asian session, the trend of London copper was weak, and the latest quotation at 15:00 Beijing time was 9035 US dollars / ton, down 81.
5 US dollars, or 0.
89%.

In terms of the market, today's domestic spot copper prices fell, Yangtze River non-ferrous metal network 1# copper price was 67190 yuan / ton, down 530 yuan, discount 120-discount 60; Guangdong spot 1# copper price was 67230 yuan / ton, down 510 yuan; Yangtze River spot 1# copper 67320 yuan / ton, down 570 yuan, premium 10-liter 30; Shanghai spot 1# copper price was 67200 yuan / ton, down 510 yuan
.

In the spot market, the source of circulating goods has increased, some holders are eager to ship, the downstream is just demanding, and the transaction is general
.
The recent risk of strikes in copper mines in South America has reappeared, while copper concentrate processing fees have continued to decline, and the prospects for global economic recovery have strengthened, providing support for copper prices
.

In terms of news, in the first two months of this year, China's economy maintained recovery growth, industry and exports grew rapidly, and investment and consumption recovered
steadily.
Short-term downstream market consumption is still suppressed, but copper mine supply is still in a tight state, and spot copper prices are expected to rise or fall little
.

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