 Home > Chemicals Industry > New Chemical Materials > Shanghai copper weak volatility market trading is cautious

Shanghai copper weak volatility market trading is cautious

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

Tags

palladium price today

gasoline spot price

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

Today's Shanghai copper weak shock, the main month 2201 contract opened at 69710 yuan / ton, the highest intraday 69860 yuan / ton, the lowest 69020 yuan / ton, settled 69850 yuan / ton, closed 69650 yuan / ton, down 200 yuan, down 0.
29%.

The trading volume of the main 2201 contract of Shanghai copper decreased by 11928 lots 110032 lots, and the position volume 154776 lot decreased by 518 lots
.

Shanghai copper

During the Asian session, London copper fluctuated higher, and the latest quotation at 15:01 Beijing time was 9549 US dollars / ton, up 98 US dollars, or 1.
04%.

In terms of the market, today's domestic spot copper prices fell slightly, Yangtze River nonferrous metal network 1# copper price was reported at 70400 yuan / ton, down 290 yuan, premium 540-600; Guangdong spot 1# copper price reported 69950 yuan / ton, down 540 yuan; Yangtze River spot 1# copper 70290 yuan / ton, down 370 yuan, premium 360-liter 460; Shanghai spot 1# copper price was 70230 yuan / ton, down 435 yuan
.

In the spot market, holders quote premiums, receivers stop and wait and see just need to consume, trading is cautious, and the overall trading volume is average
.
The Fed has returned to hawkish signals, superimposed variants have caused market concerns to not be fully alleviated for the time being, and spot support is weakening, and copper prices are still weak
.

At present, the epidemic is reviving or more countries implement lockdowns, the reduction of overseas accumulation of port cargo has accelerated the unloading speed of port ships, downstream sentiment is cautious, coupled with domestic environmental restrictions due to the Winter Olympics, refiners are in a wait-and-see mood, demand is low, 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.

Shanghai copper weak volatility market trading is more cautious

12-15

Related Products

9,10-Diphenylanthrac

CAS No.: 1499-10-1

$1-1.2/MT FOB

High Quality Polar Solvent 99.99% Ethylene carbonate/Ethylencarbonat/ EC CAS 96-49-1

CAS No.: 96-49-1

Pharmacy Grade

$1-1.2/MT FOB

High quality Fluorescent Brightener CBS-X 98% TOP1 supplier in China

CAS No.: 27344-41-8

Industrial Grade

$3/KG EXW

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

announcements today(81)

ups united states(221)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

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.

Shanghai copper weak volatility market trading is cautious

Related Articles

Shanghai copper weak volatility market trading is more cautious