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    Home > Chemicals Industry > New Chemical Materials > Shanghai copper maintained a strong oscillation operation, and the center of gravity shifted slightly upward

    Shanghai copper maintained a strong oscillation operation, and the center of gravity shifted slightly upward

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    Today's Shanghai copper running at a high level, the main monthly 2209 contract opened at 63400 yuan / ton, the highest intraday 63720 yuan / ton, the lowest 63040 yuan / ton, the settlement 62820 yuan / ton, the close 63420 yuan / ton, up 600 yuan, or 0.
    96%.

    The trading volume of the main 2209 contract of Shanghai copper was 77856 lots, a decrease of 3918 lots, and the position volume of 126048 lots decreased by 8302 lots
    .

    Shanghai copper

    During the Asian session, London copper rushed back down, and the latest quotation at 15:01 Beijing time was 8107 US dollars / ton, up slightly by 2 US dollars, or 0.
    02%.

    In terms of the market, today's domestic spot copper prices rose, Yangtze River spot 1# copper 63830 yuan / ton, up 250 yuan, premium 670-liter 710; The Yangtze River Comprehensive 1# copper price was reported at 63880 yuan / ton, up 280 yuan, and the premium was 680-800; Guangdong spot 1# copper price was 63920 yuan / ton, up 310 yuan, premium 680-liter 780; Shanghai spot 1# copper price was 63670 yuan / ton, up 160 yuan
    .

    In the spot market, the supply of goods continues to be tight, high rise underwater, the downstream is still mainly to stop and see, the overall transaction performance is hesitant, and the trading activity is weak
    .
    Weak U.
    S.
    economic data slowed down the Fed's aggressive interest rate hikes, the U.
    S.
    index suspended its rally, and the recent supply-side limited electrical disturbance, copper production is expected to decrease, coupled with tight market supply and low inventory high premium formed a strong support, short-term Shanghai copper maintained a strong shock operation, the center of gravity slightly upward
    .

    Today's Shanghai copper opened high, and the latest opening price of the Shanghai copper 2209 contract was 63290 yuan / ton, up 470 yuan
    .
    Chile is about to launch a referendum on constitutional revision and Minmetals lowered Peruvian copper mine production estimates, etc.
    , making overseas copper mine supply face challenges, domestic inventories remain dematerialized and copper production under pressure under power restrictions, including news that Sichuan production capacity is completely stopped, while the increasingly tight supply of goods makes spot premiums remain high, and the sentiment of holders is more serious, and copper is expected to rise
    .

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