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    Home > Chemicals Industry > New Chemical Materials > Pre-holiday stocking plus prices fell and copper market consumption willingness increased

    Pre-holiday stocking plus prices fell and copper market consumption willingness increased

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    Today's Shanghai copper trend is weak, the main month 2206 contract opened at 74980 yuan / ton, the highest intraday 75150 yuan / ton, the lowest 73310 yuan / ton, settlement 74840 yuan / ton, closed 73340 yuan / ton, down 1500 yuan, down 2.
    00%.

    The trading volume of the main 2206 contract of Shanghai copper increased by 72631 lots 131505 the day, and the position volume of 143815 increased by 21415 lots
    .

    During the Asian session, London copper opened high and low, and the latest quotation at 15:01 Beijing time was 9935 US dollars / ton, down 134 US dollars, or 1.
    33%.

    In terms of the market, today's domestic spot copper prices fell, Yangtze River spot 1# copper 74440 yuan / ton, down 690 yuan, premium 480-liter 520; Yangtze River non-ferrous metal net 1# copper price reported 74330 yuan / ton, down 760 yuan, premium 360-liter 420; Guangdong spot 1# copper price was reported at 74060 yuan / ton, down 780 yuan; Shanghai spot 1# copper price was 74390 yuan / ton, down 725 yuan
    .

    In the spot market, the price of holders near the holiday is high, the middle and lower reaches are bargain-priced, the willingness to buy is enhanced, and the overall transaction performance is
    acceptable.
    The Fed's aggressive interest rate hikes boosted the US dollar's strong strength, coupled with the outbreak of the domestic epidemic in many places and strict epidemic prevention and control measures, which made the market worry about the damage
    to metal demand.

    On the whole, overseas trading Fed interest rate hikes are under overall pressure, domestic attention to the development of the epidemic and the pace of resumption of work and production, internal and external contradictions, lack of consistent driving force
    .
    Domestic spot is tight, pre-holiday stocks support copper prices, and a slight retreat to attract buying
    .

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