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Shanghai copper trend is strong, merchants holiday risk aversion is strong

 Last Update: 2022-12-18
 Source: Internet
 Author: User

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copper 1 nitrate

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On Wednesday, the Shanghai copper trend was stronger, the main month 2006 contract opened at 42410 yuan / ton, the highest intraday 42720 yuan / ton, the lowest 42380 yuan / ton, settled 42570 yuan / ton, closed 42510 yuan / ton, up 210 yuan, or 0.
50%.

Shanghai copper

In terms of external trading, during the Asian session, London copper is running strongly, and the latest quotation at 15:00 Beijing time is 5220 US dollars / ton, up 11.
5 US dollars, or 0.
22%.

In the spot market, the willingness of holders to ship is strong, traders are hedging before the holiday, and the downstream is basically weak to complete replenishment procurement
.
Domestic counter-cyclical increase to promote the recovery of terminal consumption such as automobiles and home appliances, the transmission of overseas supply disturbances may appear, and the fundamentals are strong in the short term to support copper prices
.

Domestic spot copper prices rose, Yangtze River nonferrous metal network 1# copper price was 42820 yuan / ton, up 370 yuan, premium 110-liter 170; Guangdong spot 1# copper price was reported at 42930 yuan / ton, up 370 yuan; Yangtze River spot 1# copper price 42890 yuan / ton, up 380 yuan, premium 180-liter 200; Shanghai spot 1# copper price was 42820 yuan / ton, up 355 yuan
.

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