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    Home > Chemicals Industry > New Chemical Materials > Bearish sentiment has been vented Shanghai copper futures rose slightly

    Bearish sentiment has been vented Shanghai copper futures rose slightly

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    Today's Shanghai copper opened high, the main month 2209 contract opened at 62110 yuan / ton, the highest intraday 62410 yuan / ton, the lowest 61770 yuan / ton, the settlement 61760 yuan / ton, the close 61960 yuan / ton, up 200 yuan, or 0.
    32%.

    The trading volume of the main 2209 contract of Shanghai copper decreased by 26417 lots 100558 lots throughout the day, and the position volume 151242 lot decreased by 4650 lots
    .

    Shanghai copper

    During the Asian session, London copper fluctuated, the disk fluctuated sharply, the latest quotation at 15:01 Beijing time was 7999 US dollars / ton, slightly down 6 US dollars, or 0.
    08%.

    In terms of the market, today's domestic spot copper prices fell slightly, Yangtze River spot 1# copper 62480 yuan / ton, down 60 yuan, premium 540-liter 580; The Yangtze River Comprehensive 1# copper price was reported at 62440 yuan / ton, down 120 yuan, and the premium was 460-580; Guangdong spot 1# copper price reported 62390 yuan / ton, down 190 yuan, premium 370-570; Shanghai spot 1# copper price was 62400 yuan / ton, down 100 yuan
    .

    In the spot market, the circulation of goods is limited, the willingness of holders to raise prices is shown, trading is flat, and the trading volume is limited
    .
    Bearish sentiment has been cathartic, phased back to fundamentals, and the recent market due to storage rumors and the supply impact caused by internal and external power shortages, short-term supply pressure weakened, but the demand side is also limited by electricity and the impact of the epidemic and weakened, but under the support of low inventory and strong premium, copper rose slightly, and the rally was limited
    .

    In terms of news, domestic support for real estate policies helps to boost market confidence, BHP Billiton is optimistic about Chinese demand, mainly because at the time of the global economic recession, China's economy is still developing steadily, providing strong support for the world economy, and the Chinese market accounts for more than 60% of BHP Billiton's total revenue, coupled with China's policy support gradually in place, infrastructure growth is developing, downstream consumer demand is gradually returning, the overall copper inventory is low, supporting prices, and copper is expected to rise
    .

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