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The supply side continues to pick up, and Shanghai copper maintains a downward trend

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

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Today's Shanghai copper maintained a downward trend, the main month 2202 contract opened at 69400 yuan / ton, the highest intraday 69800 yuan / ton, the lowest 69000 yuan / ton, settled 69340 yuan / ton, closed 69520 yuan / ton, down 370 yuan, or 0.
53%.

The main 2202 contract of Shanghai copper traded 81771 lots throughout the day, a decrease of 7346 lots, and the position volume of 115000 contracts decreased by 7511 lots
.

Shanghai copper

During the Asian session, London copper trend is strong, the latest quotation at 15:01 Beijing time is 9591.
5 US dollars / ton, up 29.
5 US dollars, down 0.
31%.

Today's domestic spot copper prices fell, Yangtze River non-ferrous metal network 1# copper price was reported at 69810 yuan / ton, down 230 yuan, premium 340-liter 400; Guangdong spot 1# copper price was 69710 yuan / ton, down 330 yuan; Yangtze River spot 1# copper 69830 yuan / ton, down 300 yuan, premium 370-liter 410; Shanghai spot 1# copper price was 69795 yuan / ton, down 185 yuan
.

Total market inventories remained tight, and the import window opened again, leading to higher trade
premiums.
The spot market is more active, and the enthusiasm for downstream inquiries is high, but the willingness to receive goods is not high, the overall transaction is not as expected, and the trading atmosphere is average
.

Shanghai copper opened higher today, and the latest opening price of the Shanghai copper 2202 contract was 69320 yuan / ton, down 570 yuan
.
Near the end of the year, the slowdown in global manufacturing and construction demand caused downstream consumption to be flat, while the supply side continued to recover, copper prices were hindered, and copper is expected to fall
.

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