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Today's Shanghai copper volatility is strong, the main month 2012 contract opened at 51910 yuan / ton, the highest intraday 51930 yuan / ton, the lowest 51560 yuan / ton, settled 51750 yuan / ton, closed 51800 yuan / ton, up 70 yuan
.
The trading volume of the main 2012 contract of Shanghai copper was 79,940 lots, a decrease of 11,092 lots, and the position volume decreased by 1,370 to 102657 lots
.
During the Asian session, London copper fluctuated at a high level, and the latest quotation at 15:00 Beijing time was 6895 US dollars / ton, up 9.
5 US dollars, or 0.
14%.
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 51860 yuan / ton, down 80 yuan, premium 110-liter 170; Guangdong spot 1# copper price was 51810 yuan / ton, down 70 yuan; Yangtze River spot 1# copper price 51940 yuan / ton, down 70 yuan, premium 210-liter 230; Shanghai spot 1# copper price was 51880 yuan / ton, down 95 yuan
.
In the spot market, traders actively adjust prices and shipments, and the downstream maintains just need to purchase, and the overall transaction is general
.
End markets such as automobiles have performed well, and downstream demand is at a marginal improvement, but there is pressure on the supply side, the overall change in the current fundamentals is limited, macro factors disturb the market, and copper prices fluctuate
.
Shanghai copper fluctuated in a narrow range during the day, and the main 2012 contract of Shanghai copper closed at 51800 as of the day, up 70, or 0.
14%.
The dollar index rebounded during the day, and the upside of copper prices was limited
.
Fundamental supply and demand maintain a balance, while downstream demand is flat in the case of insufficient upward momentum, the recent copper price range volatility, is expected to continue the volatility at night, refer to the main range of 5.
15-52,000
.