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    Home > Chemicals Industry > New Chemical Materials > Copper prices fell slightly and are still volatile

    Copper prices fell slightly and are still volatile

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    Today's Shanghai copper volatility trend, the end of the day closed positive, the main month 2110 contract opened at 68910 yuan / ton, the highest intraday 69190 yuan / ton, the lowest 68620 yuan / ton, settlement 69100 yuan / ton, close 69130 yuan / ton, up 30 yuan
    .
    The trading volume of the main 2110 contract of Shanghai copper was 99494 contracts throughout the day, a decrease of 2231 lots, and the position volume of 126661 lots decreased by 4176 lots
    .

    Shanghai copper

    During the Asian session, London copper fluctuated higher, and the latest quotation at 15:01 Beijing time was 9335 US dollars / ton, up 36 US dollars, or 0.
    39%.

    In terms of the market, today's domestic spot copper prices fell, 1# copper price was 69160 yuan / ton, down 240 yuan, premium 210-liter 270; Guangdong spot 1# copper price was 69160 yuan / ton, down 280 yuan; Yangtze River spot 1# copper 69210 yuan / ton, down 240 yuan, premium 270-liter 290; Shanghai spot 1# copper price was 69180 yuan / ton, down 160 yuan
    .

    In the spot market, holders continued to ship at high prices, receivers were afraid of heights and caution, supply and demand sides were deadlocked, downstream buying entered the market at low prices, and the overall transaction was stable
    .
    Although dragged down by the news of the third batch of storage dumping by the State Reserve, the amount of copper dumping is only 3 tons, which has not caused a significant drag on copper prices, and the resilience of domestic consumption is still there, inventories continue to decline, fundamentals are still strongly supported, and copper prices are still fluctuating
    .

    In terms of news, Chile has limited impact on the strike with mines, domestic copper processing fees have rebounded slightly, and the profit window for refined copper imports opened in July, production and imports will both rebound, traditional home appliances and automobiles continue to decline, and the lack of obvious supply and demand contradictions in the domestic market, copper prices are expected to fall
    slightly.

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