echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Shanghai copper runs at a low level The overall trading volume of the market is average

    Shanghai copper runs at a low level The overall trading volume of the market is average

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Today's Shanghai copper running low, the main monthly 2104 contract opened at 65130 yuan / ton, the highest intraday 66400 yuan / ton, the lowest 64210 yuan / ton, the settlement 65460 yuan / ton, the close 65920 yuan / ton, down 1180 yuan
    .
    The trading volume of the main 2104 contract of Shanghai copper increased by 127081 lots throughout the day 295735, and the position decreased by 6696 to 109217 lots
    .

    Shanghai copper

    During the Asian session, London copper opened high and went high, and the latest quotation at 15:00 Beijing time was 8909.
    5 US dollars / ton, up 320.
    5 US dollars, or 3.
    73%.

    In terms of the market, today's domestic spot copper prices fell sharply, Yangtze River nonferrous metal network 1# copper price was 64760 yuan / ton, down 2320 yuan, discount 70-discount 10; Guangdong spot 1# copper price reported 64810 yuan / ton, down 2280 yuan; Yangtze River spot 1# copper 64810 yuan / ton, down 2320 yuan, premium 20-liter 40; Shanghai spot 1# copper price was 64735 yuan / ton, down 2255 yuan
    .

    In the spot market, holders are actively shipping, traders are cautious and wait-and-see, downstream just need to consume, and the overall transaction is general
    .
    The Fed did not give a "bailout" signal, the rise of U.
    S.
    bonds and the dollar put pressure on the current fundamentals, and macro factors disturbed the market
    .

    In terms of news, Capital Economics Research reported that copper prices may continue to fall in the future, and some fundamental factors supporting industrial metal prices are beginning to fade
    .
    In addition, a February survey of more than 20 investment banks and research institutions by Focus Economics showed that copper prices tend to fall
    from their current positions for the rest of the year.
    The current macro atmosphere is disturbing the market, and the sell-off in U.
    S.
    bonds has put pressure on risk assets, and spot copper prices are expected to fall
    sharply today.

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.