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    Home > Chemicals Industry > New Chemical Materials > Shanghai copper volatility downward The overall trading volume of the market is average

    Shanghai copper volatility downward The overall trading volume of the market is average

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
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    Today's Shanghai copper shock downward, the main month 2102 contract opened at 58790 yuan / ton, the highest intraday 59000 yuan / ton, the lowest 58020 yuan / ton, settled 58580 yuan / ton, closed 58180 yuan / ton, down 560 yuan
    .
    The trading volume of the main 2102 contract of Shanghai copper increased by 13243 lots 130352 lots, and the position decreased by 4545 to 117052 lots
    .

    Shanghai copper

    During the Asian session, London copper trend is strong, the latest quotation at 15:00 Beijing time is 7840.
    5 US dollars / ton, up 10 US dollars, or 0.
    13%.

    In terms of the market, today's domestic spot copper prices fell, Yangtze River nonferrous metal network 1# copper price was reported at 58580 yuan / ton, down 250 yuan, discount 70-discount 10; Guangdong spot 1# copper price was 58550 yuan / ton, down 250 yuan; Yangtze River spot 1# copper price 58610 yuan / ton, down 250 yuan, discount 20-liter water 0; Shanghai spot 1# copper price was 58530 yuan / ton, down 240 yuan
    .

    In the spot market, few quotations are firm, downstream consumption is just demand-based, and the overall transaction is general
    .
    China's copper mine imports in November increased by 8.
    3% month-on-month, but still fell year-on-year, and South American supply continued to recover; Inventories in the previous period have rebounded, but the total amount of global explicit inventories is still at a low level, with limited fundamental support and macro factors dominating the market
    .

    Despite the aggravation of the epidemic, the US president signed the coronavirus relief bill and pointed out the bill to enhance market risk appetite; At present, the fundamental support of the copper market is limited, refined copper imports in November fell 3.
    08% year-on-year, scrap copper imports increased by 38.
    88% month-on-month, and spot copper prices are expected to rise
    slightly.

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