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    Home > Chemicals Industry > New Chemical Materials > The market atmosphere is warm, and Shanghai copper is further tested upward

    The market atmosphere is warm, and Shanghai copper is further tested upward

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    The external metals closed higher across the board in the last trading day, coupled with the new progress of the US stimulus policy, the market atmosphere was warm.

    As of Monday's day's close, Shanghai copper was up 1.
    54%.

    Shanghai copper

    The average price of electrolytic copper in Foshan in Nanchu: 58820 yuan, up 830, the price of the month's discount: 50 to 80, down 30
    .
    Sporadic merchants online in the morning, spot operations are basically stagnant, there are not many market circulation sources, smelters are shipping at high prices, the market is quiet, the premium narrows slightly, there are only sporadic quotations, and the market transaction is light
    .
    Copper premium to the current month premium 80 yuan; Flat water copper premium 40-50 yuan
    .

    The average price of electrolytic copper in Shanghai in the South Reserve: 58930 yuan, up 900, the monthly discount quotation: 150 to 190, up 35
    .
    There are not many trading days before the holiday, the downstream factory side is generally on holiday, the annual reserve inventory is far lower than expected, only on-demand procurement, the overall performance atmosphere of the market is not good, the demand side wait-and-see atmosphere is stronger, the morning flat water copper dial quotation premium 140-150 yuan / ton, good copper supply is rarely quoted premium 190-200 yuan / ton, the second quarter of trading cooled, demand is weak, the transaction liter is adjusted to 40-50 yuan / ton, the overall transaction of the market is light
    .
    The premium copper rose 120-130 yuan for the month, down 45; flat water copper premium 80-90 yuan, down 30; Wet copper sticker 70-50 yuan, down 70
    .

    Domestic Shanghai copper explicit stocks fell to the low level in recent years, copper demand under import expansion still performed well, while on the other hand, foreign new crown vaccine research and development accelerated, global economic organizations are confident in next year's economic recovery, copper market confidence to boost prices to further fulfill the medium and long-term biased expectations
    .
    In the short term, under the condition that domestic Shanghai copper inventories continue to decline, the consumer side may delay the realization of expectations, and it is expected that Shanghai copper is still strong, it is recommended to pay attention to the breakthrough support transformation around 56,000 and further test
    upward.

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