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    Home > Chemicals Industry > New Chemical Materials > Shanghai copper weak operation The overall transaction of the market is average

    Shanghai copper weak operation The overall transaction of the market is average

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Today's Shanghai copper weak operation, the main month 2201 contract opened at 72140 yuan / ton, the highest intraday 72140 yuan / ton, the lowest 70410 yuan / ton, settled 71910 yuan / ton, closed 70560 yuan / ton, down 1350 yuan, down 1.
    88%.

    The trading volume of the main 2201 contract of Shanghai copper increased by 5438 lots to 126260 contracts throughout the day, and the position volume 171059 decreased by 17016 lots
    .

    Shanghai copper

    During the Asian session, London copper fluctuated in a narrow range lower, and the latest quotation at 15:01 Beijing time was 9657 US dollars / ton, down 104 US dollars, or 1.
    07%.

    In the market, today's domestic spot copper prices fell, 1# copper price was 71680 yuan / ton, down 820 yuan, premium 370-liter 430; Guangdong spot 1# copper price was reported at 71450 yuan / ton, down 860 yuan; Yangtze River spot 1# copper 71710 yuan / ton, down 910 yuan, premium 400-liter 440; Shanghai spot 1# copper price was 71600 yuan / ton, down 800 yuan
    .

    In the spot market, the willingness of holders to adjust prices is low, the downstream still maintains just demand for less mining, trading is relatively deadlocked, and the overall market transaction is average
    .
    Recently, global copper inventories have not continued to decline, and spot premiums continue to decline, superimposed on ferrous metals leading the decline, of which the main contract of Zheng Coal fell to the limit, causing market pessimism, copper prices were severely depressed and lower
    .

    South32 (ASX, LON, JSE:S32) said on Thursday it would continue to acquire a 45 percent stake in Chile's Sierra Gorda copper mine as project partner KGHM Polska Miedz SA (WSE:KGH) chose not to increase its stake
    in the operation.

    Shanghai copper opened lower today, and the latest opening price of the Shanghai copper 2201 contract was 70920 yuan / ton, down 990 yuan
    .
    Domestic imported copper continued to flow, some areas accumulated slightly, of which Shanghai accumulated nearly 10,000 tons, Guangdong inventory rose sharply for 2 consecutive days, and the premium was down, while demand was close to saturation, downstream buying cautious, superimposed on the foreign trade market continued to be light, copper or fall.

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