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    Home > Chemicals Industry > New Chemical Materials > Downstream consumption is still not ideal, and Shanghai copper is running at a low level during the day

    Downstream consumption is still not ideal, and Shanghai copper is running at a low level during the day

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    Today's Shanghai copper running low, the main monthly 2207 contract opened at 71970 yuan / ton, the highest intraday 72000 yuan / ton, the lowest 71400 yuan / ton, settled 72100 yuan / ton, closed 71600 yuan / ton, down 500 yuan, down 0.
    69%.

    The trading volume of the main 2207 contract of Shanghai copper increased by 11895 lots to 62601 contracts throughout the day, and the position volume 139921 decreased by 565 lots
    .

    Shanghai copper

    During the Asian session, London copper fluctuated violently, and the latest quotation at 15:01 Beijing time was 9449 US dollars / ton, up 10 US dollars, or 0.
    10%.

    Today's domestic spot copper prices fell, Yangtze River spot 1# copper 72380 yuan / ton, down 400 yuan, premium 440-premium 480; The Yangtze River Comprehensive 1# copper price was reported at 72260 yuan / ton, down 400 yuan, and the premium was 280-400; Guangdong spot 1# copper price reported 72140 yuan / ton, down 400 yuan, premium 120-320; Shanghai spot 1# copper price was 72170 yuan / ton, down 460 yuan
    .

    In the spot market, both buyers and sellers showed a stalemate, the pre-holiday receiving party's stocking sentiment was slightly bleak, merchants' willingness to adjust prices was not high, and the overall transaction was limited by weak demand
    .
    The dollar rebounded stronger, Shanghai copper is slightly under pressure, but the domestic stable growth expectation is strong, coupled with the continued decline in inventory support is still there, copper prices fell limited
    .

    According to industry data, China's refined copper producers consumed 395,400.
    00 metric tons of copper concentrate in April, compared with 605,550.
    00 metric tons in the same period last year and 514,900.
    00 metric tons last month, down 34.
    70% year-on-year and 23.
    21%
    month-on-month.
    From January to April 2022, Chinese refined copper producers consumed a total of 1,952,900.
    00 metric tons of copper concentrate, compared with 2,346,930.
    00 metric tons in the same period last year, a year-on-year decrease of 16.
    79%.

    Shanghai copper opened lower today, and the latest opening price of the Shanghai copper 2207 contract was 71600 yuan / ton, down 500 yuan
    .
    The domestic epidemic situation has improved, the upstream copper mine supply shows a growth trend, the supply of raw materials for smelters is basically sufficient, the enthusiasm for scheduling is high, the downstream consumption is still not ideal, the sentiment of holders to exchange cash is aggravated, short-term demand is still waiting and seeing, and does not support the price to continue to rise sharply, short-term suppression of copper price trends, is expected to see copper fall
    .

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