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    Home > Chemicals Industry > New Chemical Materials > Poor demand performance in peak season copper may continue to fluctuate

    Poor demand performance in peak season copper may continue to fluctuate

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
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    On September 30, the Shanghai copper shock operation on Wednesday, the main month 2011 contract opened at 50670 yuan / ton, the highest intraday 51300 yuan / ton, the lowest 50600 yuan / ton, settled 50940 yuan / ton, closed 50930 yuan / ton, down 120 yuan
    The trading volume of the main 2011 contract of Shanghai copper increased by 11,657 lots 143178 the whole day, and the position decreased by 2,948 to 103,500 lots

    Copper period

    During the Asian session, London copper fluctuated downward, and the latest quotation at 15:01 Beijing time was 6587.
    5 US dollars / ton, down 23.
    5 US dollars, or 0.

    In terms of the market, the domestic spot copper price rose slightly, and the Yangtze River nonferrous metal network 1# copper price was reported at 51180 yuan / ton, up 130 yuan, and the premium was 20-80; Guangdong spot 1# copper price was 51120 yuan / ton, up 120 yuan; Yangtze River spot 1# copper price 51290 yuan / ton, up 120 yuan, premium 140-liter 160; Shanghai spot 1# copper price was 51235 yuan / ton, up 115 yuan

    In the spot market, the shipholders have fewer shipments, the willingness to buy is not high, the downstream stocking is more completed, and the transaction is slightly cold
    Power grid investment is expected to accelerate slightly in the fourth quarter, automobile consumption is cautiously optimistic, not enough for the current peak season demand performance is not good, copper prices may continue to fluctuate

    In terms of news, the news of the new $2.
    2 trillion economic stimulus package in the United States has boosted market confidence, but the outlook for the package remains uncertain
    On the industrial side, CSPT finalized the TC floor price in the fourth quarter of 58 US dollars / dry ton, up 5 US dollars / dry ton from the third quarter, or indicating that the recovery of overseas copper concentrate supply is inevitable, the market reserve or has entered the end, the peak season has been late, the absence is not impossible, the current fundamentals have not changed significantly, it is expected that copper prices will have greater downward pressure
    However, due to the National Day holiday and the impact of low refined copper inventories, the short-term uncertainty of copper prices may be higher

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