 Home > Chemicals Industry > New Chemical Materials > The Shanghai copper market continues to be range-bound characteristics

The Shanghai copper market continues to be range-bound characteristics

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

Tags

platinum price today

mg alex 2.0

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

Today's Shanghai copper plate volatility is strong, the main month 2202 contract opened at 69740 yuan / ton, the highest intraday 70770 yuan / ton, the lowest 69690 yuan / ton, settlement 70250 yuan / ton, closed 70110 yuan / ton, up 310 yuan, or 0.
44%.

The trading volume of the main 2202 contract of Shanghai copper increased by 22126 lots to 79815 lots throughout the day, and the position volume of 128210 contracts increased by 535 lots
.

Shanghai copper

During the Asian session, London copper fluctuated downward, and the latest quotation at 15:01 Beijing time was 9723.
5 US dollars / ton, down 71.
5 US dollars, or 0.
73%.

In terms of the market, today's domestic spot copper prices rose, Yangtze River non-ferrous metal network 1# copper price was reported at 70540 yuan / ton, up 710 yuan, premium 200-liter 260; Guangdong spot 1# copper price reported 70540 yuan / ton, up 770 yuan / ton; Yangtze River spot 1# copper 70670 yuan / ton, up 780 yuan, premium 340-liter 380; Shanghai spot 1# copper price was reported at 70480 yuan / ton, up 640 yuan
.

The performance of the spot market is general, high prices are difficult to promote transactions, downstream demand has not rebounded significantly, on-demand procurement is the mainstay, and traders are shipping at high prices
.
Approaching the Spring Festival, the overall output of the factory will decline, the copper market may have a tight supply phenomenon, and the copper price performance is relatively strong
.

London LME copper prices fell back under the influence of the surge in Omicron virus infection cases that may inhibit the economic recovery, Shanghai copper maintained high volatility supported by low inventories, but flat consumption at the end of the year also limited the upward momentum of futures prices, and the market continued to be range-bound characteristics
.

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.

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.