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    Home > Chemicals Industry > New Chemical Materials > Shanghai copper continues to be weak and volatile, and trading activity before the holiday is light

    Shanghai copper continues to be weak and volatile, and trading activity before the holiday is light

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    On the last trading day before the holiday, Shanghai copper continued to fluctuate weakly, the main month 2110 contract opened at 68490 yuan / ton, the highest intraday 68700 yuan / ton, the lowest 67890 yuan / ton, settled 68640 yuan / ton, closed 67950 yuan / ton, down 690 yuan
    .

    Shanghai copper

    During the Asian session, London copper rushed back down, and the latest quotation at 15:01 Beijing time was 9132 US dollars / ton, down 28 US dollars, or 0.
    31%.

    In terms of the market, the domestic spot copper price fell during the day, and the copper price of Yangtze River nonferrous metal network 1# was reported at 68820 yuan / ton, down 290 yuan, and the premium was 250-310; Guangdong spot 1# copper price was 68720 yuan / ton, down 300 yuan; Yangtze River spot 1# copper 68910 yuan / ton, down 200 yuan, premium 360-liter 380; Shanghai spot 1# copper price was 68735 yuan / ton, down 180 yuan
    .

    In the spot market, holders continued to dump goods to realize, and the downstream on-demand inventory on the last day before the holiday, the trading activity was light, and the overall transaction was worse
    than the previous day.
    Peru's copper mine transportation obstacles were lifted, domestic demand for downstream stocking decreased due to the coming National Day, risk aversion heated up, and copper prices were under pressure and weakly operated
    .

    On the last day before the holiday, downstream on-demand storage, the activity of the middleman market declined, the reporting reduced spot liter lift, the mainstream of flat water copper was traded around 250 yuan, good copper was traded around 290 yuan, I heard that a small amount of good copper more than 300 is difficult to trade, wet and poor copper supplies are scarce, basically entering the holiday state
    .

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