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Shanghai copper volatility weakened The current demand is still weak

 Last Update: 2022-12-21
 Source: Internet
 Author: User

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Today's Shanghai copper volatility weakened, the main month 2105 contract opened at 65750 yuan / ton, the highest intraday 65890 yuan / ton, the lowest 65030 yuan / ton, settlement 65530 yuan / ton, closed 65090 yuan / ton, down 520 yuan
.
The trading volume of the main 2105 contract of Shanghai copper decreased by 26139 lots 134908 lots throughout the day, and the position decreased by 110 to 141971 lots
.

Shanghai copper

During the Asian session, the trend of London copper was weak, and the latest quotation at 15:01 Beijing time was 8699 US dollars / ton, down 110.
5 US dollars, or 1.
25%.

In terms of the market, today's domestic spot copper prices rose, Yangtze River non-ferrous metal network 1# copper price was reported at 65590 yuan / ton, up 360 yuan, discount 40-liter 20; Guangdong spot 1# copper price was 65620 yuan / ton, up 380 yuan; Yangtze River spot 1# copper 65620 yuan / ton, up 360 yuan, premium 10-liter 30; Shanghai spot 1# copper price was 65,500 yuan / ton, up 340 yuan
.

In the spot market, the willingness to adjust prices is not high, downstream procurement has rebounded, and the transaction performance is good
.
Chile's copper production continued to decline in February, U.
S.
infrastructure plans may be hindered, current demand is still weak, and short-term copper prices continue to fluctuate
.

In terms of news, more than two trillion yuan in infrastructure and economic recovery plans in the United States have been released, including two parts
: employment and family.
However, the current downstream consumption has not improved, London copper stocks continue to grow, there is still no domestic destocking signal, spot copper prices are expected to rise and fall limited
.

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