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    Home > Chemicals Industry > New Chemical Materials > Shanghai copper opened high and the trend was strong during the day

    Shanghai copper opened high and the trend was strong during the day

    • Last Update: 2022-12-26
    • Source: Internet
    • Author: User
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    Today's Shanghai copper opened high, the intraday trend is strong, the main month 2212 contract opened at 63200 yuan / ton, the highest intraday 63730 yuan / ton, the lowest 63140 yuan / ton, settlement 62780 yuan / ton, closed 63450 yuan / ton, up 670 yuan, up 1.
    07%.

    The trading volume of the main 2212 contract of Shanghai copper increased by 11198 lots 100565 the whole day, and the position of 195630 increased by 10589 lots
    .

    Shanghai copper

    During the Asian session, London copper rushed downward, volatile trend, the latest quotation at 15:01 Beijing time was 7720 US dollars / ton, down 50 US dollars, or 0.
    64%.

    In terms of the market, today's domestic spot copper prices rose, Yangtze River spot 1# copper 64730 yuan / ton, up 650 yuan, premium 400-liter 440; Yangtze River Comprehensive 1# copper price reported 64740 yuan / ton, up 550 yuan, premium 370-liter 490; Guangdong spot 1# copper price was reported at 64750 yuan / ton, up 450 yuan, premium 340-premium 540; Shanghai spot 1# copper price was 64640 yuan / ton, up 640 yuan
    .

    In the spot market, the holders have no intention of trading, the enthusiasm for shipments is not high, the purchase of receivers has begun to recover, and the spot transaction has improved slightly
    .
    Weak U.
    S.
    economic data boosted the hawkish Fed's view that interest rate hikes will slow down, the dollar fell sharply, and macro sentiment heated up copper prices, but the persistence of terminal fear of heights limited copper price gains, and Shanghai copper fluctuated
    strongly during the day.

    Shanghai copper opened higher in early trading today, and the latest opening price of the main monthly 2212 contract was 63580 yuan / ton, up 800 yuan
    .
    The domestic economy is full of resilience and vitality, and copper fundamentals are good to support the upward price upward, coupled with the continued low inventory support, and the intensive start of 1.
    5 trillion infrastructure projects in September, construction is expected to strengthen in the fourth quarter, new energy vehicle production and sales continue to buy, further driving copper consumption, and the current premium remains high, spot is still tightly supported, copper or rising
    .

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