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There is still uncertainty in the market, and Shanghai copper is dominated by short-term range volatility

 Last Update: 2022-12-23
 Source: Internet
 Author: User

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On Monday, Shanghai copper fluctuated and fell, the main month 2201 contract opened at 70410 yuan / ton, the highest intraday 70530 yuan / ton, the lowest 69170 yuan / ton, settled 69860 yuan / ton, closed 69450 yuan / ton, down 410 yuan, down 0.
59%.

The trading volume of the main 2201 contract of Shanghai copper was 121960 lots, a decrease of 37860 lots, and the position volume of 155294 lots decreased by 6855 lots
.

Shanghai copper

During the Asian session, London copper fluctuated downward, and the latest quotation at 15:01 Beijing time was 9486 US dollars / ton, down 114 US dollars, or 1.
19%.

Industry news, foreign media news on November 29: The world's largest copper mining company (calculated by attributable copper tons) in the second quarter of 2021 is Codelco
.
The top 10 copper mines produced 2.
255 million mt of copper in the second quarter of 2021, up 3%
year-on-year.

In the spot market, the domestic spot copper price fell slightly during the day, and the copper price of Yangtze River nonferrous metal network 1# was reported at 70690 yuan / ton, down 160 yuan, and the premium was 280-340; Guangdong spot 1# copper price reported 70490 yuan / ton, down 60 yuan; Yangtze River spot 1# copper 70660 yuan / ton, down 60 yuan, premium 230-liter 270; Shanghai spot 1# copper price was 70665 yuan / ton, down 135 yuan
.
The willingness of the holders to adjust the price is not high, the receiver is cautious and wait-and-see, the transaction is generally happy, and the transaction volume is limited
.
Although the market has eased the panic about the new variant strain, there is still uncertainty, and the market turned sad again in the afternoon, and short-term copper prices are still mainly range-bound
.

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