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Shanghai copper volatility is strong, and the market transaction is average

 Last Update: 2022-12-20
 Source: Internet
 Author: User

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Today's Shanghai copper volatility is strong, the main month 2011 contract opened at 51600 yuan / ton, the highest intraday 51600 yuan / ton, the lowest 51220 yuan / ton, settled 51390 yuan / ton, closed 51380 yuan / ton, up 90 yuan
.
The trading volume of the main 2011 contract of Shanghai copper was 83251 lots, down 30506 lots, and the position decreased by 5918 to 96084 lots
.

Shanghai copper

During the Asian session, London copper fluctuated upward, and the latest quotation at 15:01 Beijing time was 6783.
5 US dollars / ton, up 15.
5 US dollars, or 0.
23%.

In terms of the market, today's domestic spot copper prices fell slightly, Yangtze River non-ferrous metal network 1# copper price was reported at 51450 yuan / ton, down 100 yuan, 150 liters of water 210; Guangdong spot 1# copper price reported 51320 yuan / ton, down 100 yuan; Yangtze River spot 1# copper price 51520 yuan / ton, down 120 yuan, premium 230-liter 250; Shanghai spot 1# copper price was 51440 yuan / ton, down 170 yuan
.

In the spot market, the supply is abundant, the supply pressure is increasing, the downstream consumption is not good, and the transaction is average
.
Repeated overseas epidemics, whether the global economy can continue to recover, and uncertainty about the US economic stimulus package have hit market sentiment, and there is pressure
above copper prices.

According to the International Copper Research Group (ICSG), the global copper market is expected to be short of 52,000 tonnes this year and 69,000 tonnes in 2021; The overseas epidemic has repeatedly affected demand, and LME copper stocks have rebounded at a low level; Spot copper prices are expected to rise little today as the Candelaria copper mine in Chile suspended operations due to a union strike, with neither union reaching an agreement with management on a new collective labor contract
.

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