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Shanghai copper trend is strong, the overall trading of the market is limited

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

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Today's Shanghai copper trend is strong, the main month 2106 contract opened at 72210 yuan / ton, the highest intraday 73320 yuan / ton, the lowest 72180 yuan / ton, settlement 72980 yuan / ton, closed 73240 yuan / ton, up 1230 yuan
.
The trading volume of the main 2106 contract of Shanghai copper decreased by 106963 lots 102105 lots throughout the day, and the position decreased by 2413 to 160057 lots
.

Shanghai copper

During the Asian session, London copper opened low and went high, and the latest quotation at 15:10 Beijing time was 10,016 US dollars / ton, up 84 US dollars, or 0.
85%.

In terms of the market, today's domestic spot copper prices rose sharply, Yangtze River nonferrous metal network 1# copper price was reported at 72780 yuan / ton, up 1020 yuan, discount 90-discount 30; Guangdong spot 1# copper price was 72750 yuan / ton, up 1040 yuan; Yangtze River spot 1# copper 72850 yuan / ton, up 1050 yuan, discount 10-liter water 10; Shanghai spot 1# copper price was 72800 yuan / ton, up 1110 yuan
.

In the spot market, traders are afraid to wait and see, downstream to maintain rigid demand, and overall trading is limited
.
Zambia's Konkola Deep copper mine closed due to lack of funding, U.
S.
banks said the world was at risk of copper shortages, overseas demand recovered strongly, domestic smelters ushered in intensive maintenance, and copper prices were approaching record highs
.

The global economy is recovering from the epidemic, and the Federal Reserve said that the recovery momentum of the US economy has been quite obvious, and it is expected to hit the fastest growth rate since the 80s this year; China ushered in the peak period of smelter maintenance, the growth of refined copper production will slow down, and spot copper prices are expected to rise
.

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