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    Home > Chemicals Industry > New Chemical Materials > Shanghai copper volatility is strong, and the overall trading volume of the market is acceptable

    Shanghai copper volatility is strong, and the overall trading volume of the market is acceptable

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Today's Shanghai copper volatility is strong, the main month 2110 contract opened at 68780 yuan / ton, the highest intraday 69500 yuan / ton, the lowest 68540 yuan / ton, settlement 68820 yuan / ton, closed 69250 yuan / ton, up 430 yuan
    .
    The trading volume of the main 2110 contract of Shanghai copper increased by 12297 lots 105655 the whole day, and the position volume of 81384 contracts decreased by 10609 lots
    .

    Shanghai copper

    During the Asian session, London copper fluctuated in a narrow range, and the latest quotation at 15:01 Beijing time was 9307 US dollars / ton, up 28 US dollars, or 0.
    30%.

    In terms of the market, today's domestic spot copper prices rose, 1# copper price was reported at 69110 yuan / ton, up 60 yuan, premium 360-liter 420; Guangdong spot 1# copper price reported 68990 yuan / ton, flat; Yangtze River spot 1# copper 69250 yuan / ton, up 140 yuan, premium 500-liter 540; Shanghai spot 1# copper price was 69350 yuan / ton, up 290 yuan
    .

    In the spot market, the holders tried to sell at a high price, the receiving party was afraid of the heights, the transaction was slightly deadlocked, and the overall transaction was
    acceptable.
    The domestic power rationing policy suppresses copper production, which is expected to lose about 70,000 tons, and the supply of scrap copper is still tight, and the low-price inventory of scrap copper manufacturers is limited, and the copper market inventory maintains a downward trend, and the short-term copper price shows a volatile trend
    .
    Industry news, Kazakhstan's Alashan port logistics congestion, in order to ensure the smooth evacuation of the port, Alashan port from September 21 to October 15 suspended the receipt of goods, has cleared customs to the port can be normal departure
    .
    At present, there is no official document issued, and the relevant parties are in continuous communication
    .
    The prolonged moratorium may have an impact
    on the supply of copper concentrate.

    In terms of news, copper inventories at home and abroad are showing a downward trend, especially the domestic copper spot shortage is significant, the spot inventory exchange plus bonded zone is approaching the historical low of 600,000 tons, and copper social stocks are still going to storage, and Malaysia's increase in scrap copper import standards has aggravated the tight supply pattern, and copper is expected to rise
    .

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