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    Home > Chemicals Industry > New Chemical Materials > Shanghai copper trend is strong, short-term may remain volatile

    Shanghai copper trend is strong, short-term may remain volatile

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
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    Today's Shanghai copper trend is strong, the main month 2012 contract opened at 51670 yuan / ton, the highest intraday 51880 yuan / ton, the lowest 51450 yuan / ton, the settlement 51680 yuan / ton, the close 51840 yuan / ton, up 310 yuan
    .
    The trading volume of the main 2012 contract of Shanghai copper was 92563 lots, a decrease of 10344 lots, and the position volume decreased by 1078 to 113231 lots
    .

    Shanghai copper

    During the Asian session, London copper opened low and went high, and the latest quotation at 15:00 Beijing time was 6810 US dollars / ton, up 18 US dollars, or 0.
    27%.

    In terms of the market, today's domestic spot copper prices rose slightly, Yangtze River nonferrous metal network 1# copper price was reported at 51720 yuan / ton, up 160 yuan, 100 liters of water 160; Guangdong spot 1# copper price was 51580 yuan / ton, up 170 yuan; Yangtze River spot 1# copper price 51780 yuan / ton, up 180 yuan, premium 180-liter 200; Shanghai spot 1# copper price was 51720 yuan / ton, up 180 yuan
    .

    In the spot market, the quotations of holders were firm, traders received goods at low prices, some left the market to wait and see, and downstream procurement improved slightly
    .
    There is still uncertainty in the macro, the epidemic in Europe and the United States has hit the economic outlook, copper mine supply is still worried, power grid investment is expected to rush work, and short-term copper prices may remain volatile
    .

    October is coming to an end, financial market risk appetite with the new crown epidemic, economic stimulus measures and political situation fluctuated rapidly, global asset prices, especially the high stock market and commodities fluctuated in both directions, rebounding hopes for the prospect of new crown vaccines and a new round of economic stimulus measures to be introduced as soon as possible, but the risk of high decline due to the resurgence of the new crown superimposed flu in Europe and the United States in autumn and winter, making the economic prospects of Europe and the United States face another impact
    。 At present, the high volatility of copper and aluminum led by macro factors awaits the direction of the macro trend, while the end of the traditional peak season has signs of gradual weakening, and the follow-up policy stimulus and implementation still need to be seen, the medium line focuses on the US election and global monetary and fiscal stimulus policy guidance and dynamic supply and demand adjustment, and the operation recommends short-term operation of customers
    .

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