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Shanghai copper strong trend The market volume is average

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

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copper precious metal

1 liter containers

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Today's Shanghai copper strong trend, the main month 2107 contract opened at 68860 yuan / ton, the highest intraday 69660 yuan / ton, the lowest 68300 yuan / ton, settlement 68240 yuan / ton, closed 68480 yuan / ton, up 240 yuan
.
The trading volume of the main 2107 contract of Shanghai copper increased by 32263 lots 133511 the whole day, and the position volume 114698 increased by 5422 lots
.

Shanghai copper

During the Asian session, London copper fluctuated at a low level, and the latest quotation at 15:01 Beijing time was 9367 US dollars / ton, down 121 US dollars, or 1.
28%.

In terms of the market, today's domestic spot copper prices rose, Yangtze River non-ferrous metal network 1# copper price was 68630 yuan / ton, up 370 yuan, discount 50-liter 10; Guangdong spot 1# copper price was 68510 yuan / ton, up 380 yuan; Yangtze River spot 1# copper 68690 yuan / ton, up 360 yuan, premium 20-liter 40; Shanghai spot 1# copper price was 68640 yuan / ton, up 420 yuan
.

In the spot market, the downstream is cautious and wait-and-see, just need to purchase, the holders are hesitant to sell and wait and see, the trading is relatively deadlocked, and the trading volume is average
.
Downstream consumption continues to be weak, and the peak season is nearing its end, but the outlook for domestic copper demand is optimistic, and domestic inventories are low, coupled with the basic closure of import windows and reduced
copper production.

The current demand outlook in the domestic market is optimistic; And domestic inventories are still low, coupled with the import window is basically closed, copper production and imports have declined; At present, downstream demand is mostly purchased at low prices, and copper prices are rising
.

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