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Shanghai copper trend is weak, the trend is obviously lower than the external market

 Last Update: 2022-12-19
 Source: Internet
 Author: User

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non corrosive metals

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Today's Shanghai copper trend is weak, the main month 2010 contract opened at 51900 yuan / ton, the highest intraday 52190 yuan / ton, the lowest 51200 yuan / ton, settled 51620 yuan / ton, closed 51680 yuan / ton, down 380 yuan
.
The trading volume of the main 2010 contract of Shanghai copper increased by 48,638 lots 141949 the whole day, and the position decreased by 1,547 to 109388 lots
.

Shanghai copper

During the Asian session, London copper opened low and went high, and the latest quotation at 15:01 Beijing time was 6670 US dollars / ton, up 37 US dollars, or 0.
56%.

In the market, today's domestic spot copper prices fell, Yangtze River non-ferrous metal network 1# copper price was 51550 yuan / ton, down 590 yuan, premium 90-150; Guangdong spot 1# copper price reported 51420 yuan / ton, down 600 yuan; Yangtze River spot 1# copper price 51620 yuan / ton, down 590 yuan, premium 170-liter 190; Shanghai spot 1# copper price was 51550 yuan / ton, down 590 yuan
.

In the spot market, the premium is slightly firm, downstream consumption has not improved, and the transaction is still deadlocked
.
Concerns related to Brexit have hit market sentiment, and domestic peak season demand is divergent, and it is necessary to wait until inventories fall to confirm, and short-term copper prices remain volatile
.

Recently, macro risk events have increased, and the market atmosphere has fluctuated sharply, which has a greater
impact on the trend of metals.
In terms of supply and demand, China has entered the "gold nine silver ten", but the downstream of metals generally has not yet shown obvious peak season characteristics, among which Shanghai copper inventories have rebounded significantly, and the trend is obviously lower than that of the external market
.

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