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The trend of Shanghai copper is soft, and there is no obvious stock in the downstream before the holiday

 Last Update: 2022-12-21
 Source: Internet
 Author: User

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metal copper

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Today's Shanghai copper trend is soft, the main month 2106 contract opened at 72600 yuan / ton, the highest intraday 73060 yuan / ton, the lowest 71250 yuan / ton, settled 72600 yuan / ton, closed 71890 yuan / ton, down 440 yuan
.
The trading volume of the main 2106 contract of Shanghai copper increased by 11437 lots 209068 the whole day, and the position decreased by 12922 to 162470 lots
.

Shanghai copper

During the Asian session, London copper opened high, and the latest quotation at 15:01 Beijing time was 9864.
5 US dollars / ton, up 3.
5 US dollars, or 0.
04%.

In terms of the market, today's domestic spot copper prices fell, Yangtze River nonferrous metal network 1# copper price was reported at 71760 yuan / ton, down 680 yuan, discount 110-discount 50; Guangdong spot 1# copper price was 71710 yuan / ton, down 650 yuan; Yangtze River spot 1# copper 71800 yuan / ton, down 680 yuan, discount 60-discount 40; Shanghai spot 1# copper price was 71690 yuan / ton, down 640 yuan
.

In the spot market, the willingness to receive goods is general, downstream consumption is weak, and the overall transaction is light
.
High prices affect downstream demand, but the global economic recovery is expected to be optimistic, the tight pattern of the mine end, and there may be support
at the bottom of copper prices.

Recent price increases have risen too fast and have climbed to a ten-year high, resulting in sluggish market demand, downstream enterprises facing losses, domestic consumption is significantly suppressed, terminal orders are not performing well, there is no obvious stock in the downstream before the holiday, and spot copper prices are expected to fall
.

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