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    Home > Chemicals Industry > New Chemical Materials > Shanghai copper opened low and rose after volatility Market trading was slightly worse than yesterday

    Shanghai copper opened low and rose after volatility Market trading was slightly worse than yesterday

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    Today's Shanghai copper opened low and fluctuated higher, the main monthly 2206 contract opened at 71660 yuan / ton, the highest intraday 71830 yuan / ton, the lowest 70810 yuan / ton, settled 71370 yuan / ton, closed 71580 yuan / ton, up 210 yuan, or 0.
    29%.

    The trading volume of the main 2206 contract of Shanghai copper was 88796 lots, a decrease of 21916 lots, and the position volume of 152143 lots decreased by 3130 lots
    .

    Shanghai copper

    During the Asian session, London copper rebounded at a low level, and the latest quotation at 15:01 Beijing time was 9306 US dollars / ton, up 31 US dollars, or 0.
    33%.

    In terms of the market, today's domestic spot copper prices rose slightly, Yangtze River spot 1# copper 72190 yuan / ton, up 70 yuan, premium 180-liter 220; Yangtze River non-ferrous metal net 1# copper price reported 72150 yuan / ton, up 70 yuan, premium 130-liter 190; Guangdong spot 1# copper price was reported at 72020 yuan / ton, up 90 yuan, discount 90-liter 110; Shanghai spot 1# copper price was 72,015 yuan / ton, up 40 yuan
    .

    In the spot market, the holders are eager to sell, and the downstream is afraid of heights to maintain just need to buy, and the overall transaction is slightly lower than yesterday
    .
    The market waited for the US inflation data in April, as well as the rebound trend of Asian stock markets and crude oil prices, and the sentiment picked up during the day, coupled with the domestic infrastructure sector being boosted by policies and the bright performance of new energy vehicles, copper prices rebounded from low levels
    .

    Industry information, learned from the China Association of Automobile Manufacturers, China's new energy vehicle sales in April were 299,000 units, up 44.
    6%
    year-on-year.

    Shanghai copper opened lower today, and the latest opening price of the Shanghai copper 2206 contract was 71200 yuan / ton, down 170 yuan
    .
    The epidemic is severe, has spread to Zhengzhou and other places, Wuxi epidemic has also rebounded, South China has also rebounded piecemeal, domestic manufacturing activity contracted in April, passenger car retail sales data declined, retail sales in April fell 35.
    5% year-on-year, down 34% month-on-month, downstream demand performance peak season is not strong, foreign trade orders also flow to Southeast Asia and other countries trend, the market is very pessimistic about demand, copper is expected to fall
    .

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