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Shanghai copper volatility is strong, market sentiment tends to be cautious

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

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Today's Shanghai copper volatility is strong, the main month 2012 contract opened at 51810 yuan / ton, the highest intraday 51960 yuan / ton, the lowest 51420 yuan / ton, settled 51690 yuan / ton, closed 51610 yuan / ton, up 80 yuan
.
The trading volume of the main 2012 contract of Shanghai copper increased by 10,966 lots 122141 the day, and the position decreased by 2,763 to 109,820 lots
.

Shanghai copper

During the Asian session, the London copper shock was weak, and the latest quotation at 15:00 Beijing time was 6761.
5 US dollars / ton, down 18 US dollars, or 0.
27%.

In terms of the market, today's domestic spot copper prices remained stable, Yangtze River non-ferrous metal network 1# copper price was reported at 51790 yuan / ton, up 50 yuan, premium 160-liter 220; Guangdong spot 1# copper price was 51590 yuan / ton, up 10 yuan; Yangtze River spot 1# copper price 51810 yuan / ton, up 50 yuan, premium 190-liter 210; Shanghai spot 1# copper price was 51690 yuan / ton, down 35 yuan
.

In the spot market, traders actively adjusted prices to strive for shipments, buyers maintained a cautious attitude, and trading did not see much improvement
.
Macro still has uncertainty, market sentiment tends to be cautious, copper concentrate import processing fees are still at a low level, and short-term copper prices remain volatile
.

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