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    Home > Chemicals Industry > New Chemical Materials > Shanghai copper is strong and volatile, and the overall market is not buying well

    Shanghai copper is strong and volatile, and the overall market is not buying well

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Today's Shanghai copper is strongly volatile, the main month 2201 contract opened at 69560 yuan / ton, the highest intraday 69660 yuan / ton, the lowest 69230 yuan / ton, the settlement 69410 yuan / ton, the close 69570 yuan / ton, up 160 yuan, or 0.
    23%.

    The trading volume of the main 2201 contract of Shanghai copper was 78333 lots, a decrease of 937 lots, and the position volume of 136367 lots increased by 673 lots
    .

    Shanghai copper

    During the Asian session, London copper ran at a high level, and the latest quotation at 15:01 Beijing time was 9545 US dollars / ton, up 92 US dollars, or 0.
    97%.

    In terms of the market, today's domestic spot copper prices fell slightly, the Yangtze River nonferrous metal network 1# copper price was reported at 69650 yuan / ton, down 190 yuan, premium 50-liter 110; Guangdong spot 1# copper price reported 69690 yuan / ton, down 230 yuan / ton; Yangtze River spot 1# copper 69700 yuan / ton, down 220 yuan, premium 100-liter 140; Shanghai spot 1# copper price was 69560 yuan / ton, down 210 yuan
    .

    In the spot market, holders actively shipped, downstream maintained rigid demand, low willingness to replenish stocks, weak spot trading, and poor overall buying performance
    .
    The US inflation data soared again and accelerated the tightening of expectations, putting pressure on copper prices, global copper inventories rebounded slightly, while weak consumption also put pressure on copper prices, short-term copper prices or shock consolidation
    .

    Industry news, data released by the China Association of Automobile Manufacturers showed that the market penetration rate of new energy passenger vehicles reached 19.
    5% in November, and according to the report released by the Passenger Vehicle Association, the domestic retail market of new energy passenger vehicles in November was 20.
    8%.

    According to foreign media reports, the gap between the TC psychological price of the mine and the smelter in the 2022 copper concentrate long single negotiation narrowed, the smelter quotation was 69 US dollars / ton, the mine quotation was 61 US dollars / ton, a difference of 8 US dollars / ton, and the gap narrowed from the previous month (the smelter quotation was 70 US dollars / ton last month, and the mine was 59.
    5 US dollars / ton).

    Today's Shanghai copper low open, domestic inventory is still low, spot copper liter water adjustment, last Friday flat water copper average liter discount quotation running at the discount of 25 to 125 yuan / ton, mid-week downward trend, and near the end of the year consumption is weak, whether it is downstream cable factories or copper rod enterprises, the willingness to purchase is low, choose to control capital risks, copper prices are under pressure to run, it is expected that copper will rise and fall limited
    .

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