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Shanghai copper weak volatility The market is dominated by wait-and-see sentiment

 Last Update: 2022-12-24
 Source: Internet
 Author: User

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Today's Shanghai copper weak shock, the main month 2205 contract opened at 73500 yuan / ton, the highest intraday 73500 yuan / ton, the lowest 72700 yuan / ton, settled 73570 yuan / ton, closed 72940 yuan / ton, down 630 yuan, down 0.
86%.

The trading volume of the main 2205 contract of Shanghai copper increased by 15831 lots to 72433 lots throughout the day, and the position volume of 152869 lots decreased by 1065 lots
.

Shanghai copper

During the Asian session, London copper jumped straight down, and the latest quotation at 15:01 Beijing time was 10198 US dollars / ton, down 79 US dollars, or 0.
77%.

In terms of news, the Russia-Ukraine conflict has triggered market supply concerns about the non-ferrous sector, and energy supply concerns have eased, but the inventory of the internal and external copper markets is at a low level, and the Fed puts hawkish remarks, short-term copper prices will fluctuate
.

In terms of the market, today's domestic spot copper prices fell, Yangtze River spot 1# copper 73320 yuan / ton, down 560 yuan, premium 280-liter 320; Yangtze River nonferrous metal net 1# copper price reported 73310 yuan / ton, down 540 yuan, premium 260-320; Guangdong spot 1# copper price was 72980 yuan / ton, down 570; Shanghai spot 1# copper price was 73390 yuan / ton, down 430 yuan
.

In the spot market, holders have dumped goods for cash, receivers are mainly in a wait-and-see mood, the overall market is difficult to see a large number of buying interest, the transaction volume is relatively average
.
Many places in China are in a state of epidemic control, and the upgrade of prevention and control measures will continue to suppress downstream consumer sentiment, and copper prices will be under pressure
in the short term.

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