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    Home > Chemicals Industry > New Chemical Materials > Shanghai copper opened high and went higher China's demand performance was better, supporting prices

    Shanghai copper opened high and went higher China's demand performance was better, supporting prices

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
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    Today's Shanghai copper opened high, the main month 2101 contract opened at 55160 yuan / ton, the highest intraday 56180 yuan / ton, the lowest 55090 yuan / ton, settled 55610 yuan / ton, closed 56120 yuan / ton, up 1160 yuan
    .
    The trading volume of the main 2101 contract of Shanghai copper increased by 18,674 lots throughout the day 172868, and the position increased by 1,671 to 167,810 lots
    .

    Shanghai copper

    During the Asian session, London copper fluctuated upward, and the latest quotation at 15:00 Beijing time was 7486 US dollars / ton, up 74 US dollars, or 1.
    00%.

    In terms of the market, today's domestic spot copper prices rose, Yangtze River non-ferrous metal network 1# copper price was reported at 55540 yuan / ton, up 340 yuan, premium 100-liter 160; Guangdong spot 1# copper price was 55550 yuan / ton, up 400 yuan; Yangtze River spot 1# copper price 55630 yuan / ton, up 350 yuan, premium 210-liter 230; Shanghai spot 1# copper price was 55640 yuan / ton, up 505 yuan
    .

    In the spot market, holders are willing to hold prices, receivers are afraid of heights, downstream procurement is sluggish, and transactions are weak
    .
    Vaccines have brought expectations of global economic recovery, global explicit copper stocks continue to decline, and Chinese demand performance is better to support prices, although a steady rise in refined copper production may put pressure
    .

    Jefferies analysts said that the trend towards renewable energy is becoming more and more significant, and copper demand will increase significantly in the future; At present, the domestic market is in the traditional off-season, but the consumption performance is still good, the production and sales of home appliances, automobiles and other fields are booming, the supply of copper concentrate remains tight, and the spot copper price is expected to rise
    .

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