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    Home > Chemicals Industry > New Chemical Materials > Shanghai copper's short-term rise is under pressure Investors are advised to operate cautiously

    Shanghai copper's short-term rise is under pressure Investors are advised to operate cautiously

    • Last Update: 2022-12-06
    • Source: Internet
    • Author: User
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    In the last trading day, Shanghai electrolytic copper spot contract reported a discount of 70 yuan / ton - 10 yuan / ton, flat water copper trading price of 52480 yuan / ton - 52580 yuan / ton, and premium copper trading price of 52500 yuan / ton - 52600 yuan / ton
    .

    copper

    London copper has exceeded 6800 US dollars, Shanghai copper is still high shock sorting, Shanghai London ratio further declined, imported copper decreased, value preservation tray was trapped, the market supply tends to tighten, the morning market quotation of holders closed at a discount of 70 yuan / ton ~ discount 30 yuan / ton, good copper continued to be tight price, the quotation quickly rose to a discount of 20 yuan / ton ~ 10 yuan / ton, and even holders holding Guiye copper have quoted the level of flat water, flat water copper followed by the quotation to the discount of 50 yuan / ton line, wet copper circulation source also continued to decline, The discount has been narrowed to less than
    100 yuan.

    At present, the market has agreed with the rising copper price, and the ratio is difficult to repair, resulting in difficult changes in imports, raising water or the common will
    of cargo holders.

    In terms of fundamentals, due to the excessive increase in the early stage, spot traders are not very optimistic about the future market, and some believe that the current price has no market
    .
    Therefore, investors are advised to proceed
    with caution.

     

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