 Home > Chemicals Industry > New Chemical Materials > Shanghai copper's weak rebound will still be repeated in the short term

Shanghai copper's weak rebound will still be repeated in the short term

 Last Update: 2022-12-02
 Source: Internet
 Author: User

Tags

1 2 guard

immunoglobulin high level

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

1.
Summary of copper prices in major domestic cities

market	name of article	Material	Price range		Change	remark
Guangdong spot	1# Copper	1 #	35820-36020	Yuan/ton	350	Tax included
Shanghai spot	1# Copper	1 #	35870-35970	Yuan/ton	280	Tax included
Shanghai spot	Flat water copper		35870-35930	Yuan/ton	280	Tax included
Shanghai spot	Liters of copper		35890-35970	Yuan/ton	280	Tax included
Shanghai	1# Copper	1 #	35850-35950	Yuan/ton	350	Tax included
Foshan spot	1# Electrolytic copper plate	1 #	33400-33600	Yuan/ton	300	Tax not included
Jinan spot	1# Copper	1 #	35950-35950	Yuan/ton	350	Tax included
Shenyang spot	1# Copper	1 #	36050-36050	Yuan/ton	350	Tax included
Beijing spot	1# Copper	1 #	36000-36000	Yuan/ton	350	Tax included
Tianjin spot	1# Copper	1 #	36000-36000	Yuan/ton	350	Tax included
Wuxi spot	1# Copper	1 #	36000-36000	Yuan/ton	350	Tax included
Xi'an spot	1# Copper	1 #	36050-36050	Yuan/ton	350	Tax included
Chongqing spot	1# Copper	1 #	36050-36050	Yuan/ton	350	Tax included
Guangzhou spot	1# Copper	1 #	36090-36090	Yuan/ton	350	Tax included
Wuhan spot	1# Copper	1 #	36000-36000	Yuan/ton	350	Tax included
Kunming spot	1# Copper	1 #	36100-36100	Yuan/ton	350	Tax included

market name of article Material Price range Change remark Guangdong spot 1# Copper 1# 35820-36020 Yuan/ton 350 Tax included Shanghai spot 1# Copper 1# 35870-35970 Yuan/ton 280 Tax included Shanghai spot Flat water copper 35870-35930 Yuan/ton 280 Tax included Shanghai spot Liters of copper 35890-35970 Yuan/ton 280 Tax included Shanghai 1# Copper 1# 35850-35950 Yuan/ton 350 Tax included Foshan spot 1# Electrolytic copper plate 1# 33400-33600 Yuan/ton 300 Tax not included Jinan spot 1# Copper 1# 35950-35950 Yuan/ton 350 Tax included Shenyang spot 1# Copper 1# 36050-36050 Yuan/ton 350 Tax included Beijing spot 1# Copper 1# 36000-36000 Yuan/ton 350 Tax included Tianjin spot 1# Copper 1# 36000-36000 Yuan/ton 350 Tax included Wuxi spot 1# Copper 1# 36000-36000 Yuan/ton 350 Tax included Xi'an spot 1# Copper 1# 36050-36050 Yuan/ton 350 Tax included Chongqing spot 1# Copper 1# 36050-36050 Yuan/ton 350 Tax included Guangzhou spot 1# Copper 1# 36090-36090 Yuan/ton 350 Tax included Wuhan spot 1# Copper 1# 36000-36000 Yuan/ton 350 Tax included Kunming spot 1# Copper 1# 36100-36100 Yuan/ton 350 Tax included market name of article Material Price range Change remark Market market Product name, product name Material material Price RangePrice Range Ups and downs Remarks Note: Remarks Guangdong spot 1# Copper 1# 35820-36020 Yuan/ton 350 Tax included Guangdong spot 1# Copper 1# 35820-36020 Yuan/ton 350 Tax included Shanghai spot 1# Copper 1# 35870-35970 Yuan/ton 280 Tax included Shanghai spot 1# Copper 1# 35870-35970 Yuan/ton 280 Tax included Shanghai spot Flat water copper 35870-35930 Yuan/ton 280 Tax included Shanghai spot Flat water copper 35870-35930 Yuan/ton 280 Tax included Shanghai spot Liters of copper 35890-35970 Yuan/ton 280 Tax included Shanghai spot Liters of copper 35890-35970 Yuan/ton 280 Tax included Shanghai 1# Copper 1# 35850-35950 Yuan/ton 350 Tax included Shanghai 1# Copper 1# 35850-35950 Yuan/ton 350 Tax included Foshan spot 1# Electrolytic copper plate 1# 33400-33600 Yuan/ton 300 Tax not included Foshan spot 1# Electrolytic copper plate 1# 33400-33600 Yuan/ton 300 Tax not included Jinan spot 1# Copper 1# 35950-35950 Yuan/ton 350 Tax included Jinan spot 1# Copper 1# 35950-35950 Yuan/ton 350 Tax included Shenyang spot 1# Copper 1# 36050-36050 Yuan/ton 350 Tax included Shenyang spot 1# Copper 1# 36050-36050 Yuan/ton 350 Tax included Beijing spot 1# Copper 1# 36000-36000 Yuan/ton 350 Tax included Beijing spot 1# Copper 1# 36000-36000 Yuan/ton 350 Tax included Tianjin spot 1# Copper 1# 36000-36000 Yuan/ton 350 Tax included Tianjin spot 1# Copper 1# 36000-36000 Yuan/ton 350 Tax included Wuxi spot 1# Copper 1# 36000-36000 Yuan/ton 350 Tax included Wuxi spot 1# Copper 1# 36000-36000 Yuan/ton 350 Tax included Xi'an spot 1# Copper 1# 36050-36050 Yuan/ton 350 Tax included Xi'an spot 1# Copper 1# 36050-36050 Yuan/ton 350 Tax included Chongqing spot 1# Copper 1# 36050-36050 Yuan/ton 350 Tax included Chongqing spot 1# Copper 1# 36050-36050 Yuan/ton 350 Tax included Guangzhou spot 1# Copper 1# 36090-36090 Yuan/ton 350 Tax included Guangzhou spot 1# Copper 1# 36090-36090 Yuan/ton 350 Tax included Wuhan spot 1# Copper 1# 36000-36000 Yuan/ton 350 Tax included Wuhan spot 1# Copper 1# 36000-36000 Yuan/ton 350 Tax included Kunming spot 1# Copper 1# 36100-36100 Yuan/ton 350 Tax included Kunming spot 1# Copper 1# 36100-36100 Yuan/ton 350 Tax included

2.
Market review

Overnight, led by black and London copper, the trend of Shanghai copper rushed higher, and then the high level returned to the shock sorting, and the late recovery
stabilized.
Today's Shanghai copper volatility rises, the current month 1704 contract opening price of 35690 yuan / ton, as of 15:00 pm, the latest price is 36180 yuan / ton, up 490 yuan; The lowest price within the day was 35690 yuan / ton, and the highest price was 36180 yuan / ton
.
The main opening price of Shanghai copper is 35750 yuan / ton, as of 15:00 pm, the latest price is 36060 yuan / ton, up 560 yuan; The lowest price within the day is 35640 yuan / ton, and the highest price is 36080 yuan / ton
.

Shanghai copper

3.
Overview of the copper market

On the macro front, today's news is relatively flat, crude oil continues to rise due to the decline in inventories, the main contract is close to $50, and European and American stock markets also rose, strong growth in the US housing market data suggests confidence in the recovery of the US economy, but the recent data released by China is slightly weak, the market still has doubts about the Chinese economy, near the end of the month, capital is tight and data may be weak, there are still bearish for commodities, the copper market may be affected
.

In terms of the market, today's Shanghai copper shock rebounded
.
There was a second upward gap in the market, but the rebound for many days strengthened the willingness of cargo holders to ship, and the premium no longer rose
.
Although the market inquiry atmosphere is strong, it is difficult to find low-priced sources of flat water copper and wet copper
.
After receiving goods at a continuous low level downstream, there is no intention to chase higher today, the transaction is significantly cooler than the first half of the week, and the good copper premium before the close of the afternoon market took the lead in a slight decline, reporting a premium of about 70 yuan / ton, and flat water copper initially showed a premium of 40 yuan / ton, falling to no price difference
with wet copper.
Traders are bearish on the premium, expecting shipments to increase in the afternoon, and there is still room for the premium to fall
.

4.
Copper closing situation

Today, Shanghai copper opened slightly lower, then crude oil rose again, the dollar index fell, Shanghai copper climbed close to the integer mark narrow range shock, the end of the black pulled, Shanghai copper borrowed the wind station on 36000 yuan / ton, 1607 finally closed 36060 yuan / ton, up 560 yuan / ton, up 1.
58%.

The total position of Shanghai copper increased by 2,232 lots to 760,000 lots, with a total transaction of 590,000 lots, of which 1,608 contracts increased their positions by 8,546 lots, and the positions have been changed for months, and the long layout is far month contracts
.
Today's Shanghai copper main force rose steadily, bears once again covered profit-taking, far month bulls increased positions significantly, the rebound will continue, but the 20-day line is still under pressure to block, the evening continues here pressure, is expected to have some volatility repeatedly
.

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.