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

 Last Update: 2022-12-23
 Source: Internet
 Author: User

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Today's Shanghai copper shock downward, the main month 2202 contract opened at 70650 yuan / ton, the highest intraday 70780 yuan / ton, the lowest 69770 yuan / ton, settled 70330 yuan / ton, closed 70220 yuan / ton, down 130 yuan, down 0.
18%.

The trading volume of the main 2202 contract of Shanghai copper was 73868 lots, a decrease of 17494 lots, and the position volume of 141209 lots decreased by 6935 lots
.

Shanghai copper

During the Asian session, London copper fluctuated in a narrow range, and the latest quotation at 15:01 Beijing time was 9680 US dollars / ton, up 83 US dollars, or 0.
86%.

In terms of the market, today's domestic spot copper prices fell slightly, Yangtze River nonferrous metal network 1# copper price was reported at 70290 yuan / ton, down 90 yuan, premium 80-140; Guangdong spot 1# copper price reported 70280 yuan / ton, down 180 yuan / ton; Yangtze River spot 1# copper 70360 yuan / ton, down 60 yuan, premium 170-liter 210; Shanghai spot 1# copper price was 70140 yuan / ton, down 160 yuan
.

In the spot market, the willingness of holders to adjust prices is not high, and receivers are afraid of heights and wait and see, cautious and just need to purchase low-priced sources, and the overall trading volume is limited
.
Approaching the holiday, the market trading performance is average, superimposed macro guidance is limited, but inventories remain low, copper prices rise and fall limited, short-term still presents a volatile pattern
.

In terms of news, the European energy crisis still exists, if it is not effectively alleviated, the possibility of continued impact on the smelting end will increase, global copper inventories continue to decline at a low level, strong marginal support for copper prices, superimposed on rising supply concerns to boost copper prices, it is expected that copper will rise
slightly.

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