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Shanghai copper weak shock The overall trading volume of the market is limited

 Last Update: 2022-12-23
 Source: Internet
 Author: User

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Today's Shanghai copper weak shock, the main month 2112 contract opened at 72580 yuan / ton, the highest intraday 72940 yuan / ton, the lowest 71370 yuan / ton, settled 73940 yuan / ton, closed 72390 yuan / ton, down 1550 yuan
.
The trading volume of the main 2111 contract of Shanghai copper increased by 82158 lots 233307 lots, and the position volume 155196 increased by 36173 lots
.

Shanghai copper

During the Asian session, London copper fluctuated strongly, and the latest quotation at 15:01 Beijing time was 9893 US dollars / ton, up 107 US dollars, or 1.
09%.

In terms of the market, today's domestic spot copper prices fell sharply, Yangtze River nonferrous metal network 1# copper price was reported at 73270 yuan / ton, down 2030 yuan, premium 440-500 liter; Guangdong spot 1# copper price reported 73200 yuan / ton, down 2060 yuan; Yangtze River spot 1# copper 73370 yuan / ton, down 2050 yuan, premium 520-liter 600; Shanghai spot 1# copper price was 73085 yuan / ton, down 2095 yuan
.

In the spot market, holders lowered shipments, traders only maintained just need to buy, deterred from high prices, trading was still very deadlocked, and the overall trading volume was limited
.
The impact of domestic power shortage still exists, and domestic and foreign inventories continue to decline, but copper prices are dragged down by pessimism and plunge again, superimposed on the weak supply and demand of copper spot, copper prices rise in the shock range
.

The domestic National Development and Reform Commission also punched out a special investigation on coal prices, causing coal prices to continue to plummet, causing market concerns about the future market, while dragging down copper prices, the market is worried about slowing demand, and spot copper prices are expected to fall
.

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