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    Home > Chemicals Industry > New Chemical Materials > Shanghai copper volatility is weak, low inventory support still exists

    Shanghai copper volatility is weak, low inventory support still exists

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    Today's Shanghai copper opened weak, then the shock was weak, the main month 2202 contract opened at 70510 yuan / ton, the highest intraday 70550 yuan / ton, the lowest 69580 yuan / ton, settled 69800 yuan / ton, closed 69730 yuan / ton, down 390 yuan, down 0.
    56%.

    The main 2202 contract of Shanghai copper traded 57,689 lots throughout the day, and the position volume decreased by 5,995 lots 127675 lots
    .

    Shanghai copper

    During the Asian session, London copper fell and ran, and the latest quotation at 15:01 Beijing time was 9608 US dollars / ton, down 147 US dollars, or 1.
    51%.

    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 69830 yuan / ton, down 110 yuan, premium 120-180; Guangdong spot 1# copper price reported 69770 yuan / ton, down 100 yuan / ton; Yangtze River spot 1# copper 69890 yuan / ton, down 120 yuan, premium 190-liter 230; Shanghai spot 1# copper price was 69840 yuan / ton, down 80 yuan
    .

    In the spot market, the quotation of the holder is mainly stable, the downstream wait-and-see market sentiment is strong, the purchase is the mainstay, the market trading atmosphere is light, and the overall transaction price is difficult to come out
    .
    The overseas epidemic has intensified and disrupted the market, and copper inventories in the previous period have risen, but they are still at a low level, and copper prices are weak
    .

    Today's Shanghai copper opened high, and the latest opening price of the Shanghai copper 2202 contract was 70230 yuan / ton, up 110 yuan
    .
    Reduced supplies of Russian gas, leading to a surge in energy prices in Europe; China's factory activity unexpectedly accelerated in December, global inventories were at historic lows, and a slowdown in copper supply supported prices.

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