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    Home > Chemicals Industry > New Chemical Materials > Shanghai copper volatility weakened the overall trading performance of the market

    Shanghai copper volatility weakened the overall trading performance of the market

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    Today's Shanghai copper shock weakened, the main month 2206 contract opened at 71470 yuan / ton, the highest intraday 71840 yuan / ton, the lowest 70850 yuan / ton, settled 71470 yuan / ton, closed 70880 yuan / ton, down 590 yuan, down 0.
    83%.

    The trading volume of the main 2206 contract of Shanghai copper was 84662 lots, a decrease of 4134 lots, and the position volume of 156541 lots increased by 4398 lots
    .

    Shanghai copper

    During the Asian session, London copper fluctuated weakly, and the latest quotation at 15:01 Beijing time was 9104 US dollars / ton, down 177 US dollars, or 1.
    91%.

    Today's domestic spot copper prices rose slightly, Yangtze River spot 1# copper 72240 yuan / ton, up 50 yuan, premium 230-liter 270; Yangtze River nonferrous metal net 1# copper price reported 72160 yuan / ton, up 10 yuan, 140-200 liters; Guangdong spot 1# copper price reported 72020 yuan / ton, flat, discount 100-liter 100; Shanghai spot 1# copper price was 72120 yuan / ton, up 105 yuan
    .

    In the spot market, holders maintained a strong price sentiment, receivers were more willing to purchase, and the overall transaction performance was acceptable
    .
    Macro sentiment still dominates market sentiment, and the dollar index continues to remain strong, limiting copper price gains, but copper prices also stabilized as the domestic epidemic showed signs of improvement
    .

    Domestic PPI is better than expected to provide a boost to economic development, according to data from the National Bureau of Statistics, China's industrial producer ex-factory price (PPI) in April rose 8.
    0% year-on-year, down from 8.
    3% in March, falling to the lowest point in a year, while the epidemic situation in Shanghai is gradually improving, 8 districts and some streets and towns in Pudong have basically cleared the social face, with the improvement of the epidemic some bears began to profit out of the market, driving market sentiment to pick up, is expected to rise copper
    .

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