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    Home > Chemicals Industry > New Chemical Materials > Shanghai copper opened low to the upside, and the market picked up during the day

    Shanghai copper opened low to the upside, and the market picked up during the day

    • Last Update: 2022-12-26
    • Source: Internet
    • Author: User
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    Today's Shanghai copper opened low to the upside, the market picked up during the day, the main month 2210 contract opened at 62400 yuan / ton, the highest intraday 62970 yuan / ton, the lowest 62260 yuan / ton, settled 62480 yuan / ton, closed 62760 yuan / ton, up 280 yuan, or 0.
    45%.

    The main 2210 contract of Shanghai copper decreased by 12025 lots to 77123 lots throughout the day, and the position volume 131777 lots decreased by 1396 lots
    .

    Shanghai copper

    During the Asian session, London copper fluctuated strongly, and the latest quotation at 15:01 Beijing time was 7746 US dollars / ton, up 22 US dollars, or 0.
    28%.

    In terms of the market, today's domestic spot copper prices fell slightly, Yangtze River spot 1# copper 63380 yuan / ton, down 70 yuan, premium 760-liter 800; The Yangtze River Comprehensive 1# copper price was reported at 63240 yuan / ton, down 130 yuan, and the premium was 580-700; Guangdong spot 1# copper price reported 63090 yuan / ton, down 200 yuan, premium 360-560; Shanghai spot 1# copper price was 63200 yuan / ton, down 150 yuan
    .

    In the spot market, the stocking effect before the National Day is general, the willingness of holders to exchange cash is strong, the downstream is discouraged, it is difficult to trade a large number of people up and down, and the overall trading of the market is weak
    .
    The market sentiment was cautious before the Fed's interest rate hike landed, and the current demand is difficult to say, but Shanghai copper was driven by the rise in surrounding metals during the day, and it ran all the way, and the main contract of Shanghai copper closed up 0.
    45%.

    Shanghai copper opened lower in early trading today, and the latest opening price of the main monthly 2210 contract was 62350 yuan / ton, down 130 yuan
    .
    Peru protests that the disturbance will lead to a reduction in production, this disturbance will endanger 30% of copper production, so that supply concerns are heating up, domestic policy support is increased, steady growth is still the main theme, but macro still uncertainty, and with the end of power cuts and production restrictions, September supply will continue to repair, coupled with LME inventory growth, to the market to increase the bearish atmosphere, it is expected that copper will not rise or fall much
    .

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