echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Shanghai copper weak operation Prices continue to weaken

    Shanghai copper weak operation Prices continue to weaken

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Today's Shanghai copper weak operation, the main month 2204 contract opened at 71320 yuan / ton, the highest intraday 71380 yuan / ton, the lowest 70520 yuan / ton, settlement 71340 yuan / ton, closed 70970 yuan / ton, down 370 yuan, down 0.
    52%.

    The trading volume of the main 2204 contract of Shanghai copper increased by 49864 lots 111204 lots, and the position volume of 131418 lots increased by 2590 lots
    .

    Shanghai copper

    During the Asian session, London copper was strongly volatile, and the latest quotation at 15:01 Beijing time was 9883 US dollars / ton, up 37 US dollars, or 0.
    38%.

    In terms of the market, today's domestic spot copper prices fell, Yangtze River non-ferrous metal network 1# copper price was reported at 70830 yuan / ton, down 440 yuan, premium 0-60; Guangdong spot 1# copper price was reported at 70690 yuan / ton, down 450 yuan; Yangtze River spot 1# copper 70870 yuan / ton, down 400 yuan, premium 50-liter 90; Shanghai spot 1# copper price was reported at 70840 yuan / ton, down 330 yuan
    .

    In the spot market, the circulation source is relatively loose, traders clear a large number of warehouses and shipments, receivers take advantage of the low to replenish the inventory, the transaction is more active, and the overall transaction performance is good
    .
    Rising geopolitical risks have boosted market risk aversion, and copper prices have been suppressed, coupled with weak and continuous accumulation of domestic consumption, copper prices continue to weaken
    .

    At present, the domestic post-holiday consumption situation is not good and the accumulation exceeds expectations, the high copper price inhibits the enthusiasm of downstream consumption, superimposed on the weak atmosphere is difficult to change, consumption has no bright spots, and copper is expected to fall
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.