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    Home > Chemicals Industry > New Chemical Materials > Marginal support for copper prices strengthens spot market recovery

    Marginal support for copper prices strengthens spot market recovery

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    Today's Shanghai copper opened high and low, the main monthly 2208 contract opened at 56430 yuan / ton, the highest intraday 57430 yuan / ton, the lowest 55710 yuan / ton, settled 55310 yuan / ton, closed 56030 yuan / ton, up 720 yuan, or 1.

    The trading volume of the main 2208 contract of Shanghai copper decreased by 92024 lots 135345 lots, and the position volume 122993 decreased by 8647 lots

    During the Asian session, London copper fluctuated weakly, and the latest quotation at 15:01 Beijing time was 7281 US dollars / ton, down 104 US dollars, or 1.

    Today's domestic spot copper prices rose, Yangtze River spot 1# copper 56490 yuan / ton, up 540 yuan, premium 280-liter 320; The Yangtze River Comprehensive 1# copper price was reported at 56310 yuan / ton, up 450 yuan, and the premium was 60-180; Guangdong spot 1# copper price was 56120 yuan / ton, up 350 yuan, discount 170-30 liters; Shanghai spot 1# copper price was 56390 yuan / ton, up 500 yuan

    In the spot market, most of the holders shipped at a good price, but copper prices weakened within the day, and the downstream re-waited, returning to rigid demand, the overall transaction was weak, and the trading activity was bleak
    The US dollar index fell one after another, and oil prices rose sharply, providing momentum for copper prices, but the pattern of weak supply and demand is difficult to change, and Shanghai copper weakened all the way during the day, and the rise narrowed

    Shipments of copper mines from overseas are not smooth, and due to weather factors, the shipment of copper concentrate continues to affect Chile, and the volume of copper concentrate is reduced by 50% compared with conventional shipments, while transportation in Africa is also hindered; The domestic macro situation has improved, and according to the June import and export data, the spot market has recovered, apparent consumption is positive, there are revised expectations for weak domestic demand, short-term spot trading has improved, copper price marginal support has strengthened, and copper is expected to rise

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