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    Home > Chemicals Industry > New Chemical Materials > The center of gravity of Shanghai copper has shifted downward, and the market transaction atmosphere is average

    The center of gravity of Shanghai copper has shifted downward, and the market transaction atmosphere is average

    • Last Update: 2022-12-26
    • Source: Internet
    • Author: User
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    On Wednesday, Shanghai copper was weak and volatile, the main monthly 2211 contract opened at 60,700 yuan / ton, the highest intraday 60,770 yuan / ton, the lowest 59,860 yuan / ton, settled 60,360 yuan / ton, closed 60,020 yuan / ton, down 340 yuan, or 0.
    56%.

    Shanghai copper

    During the Asian session, London copper fell at a high level, and the latest quotation at 15:01 Beijing time was 7243 US dollars / ton, down 48 US dollars, or 0.
    66%.

    In terms of the market, the domestic spot copper price fell slightly on Wednesday, Yangtze River spot 1# copper 61550 yuan / ton, down 160 yuan, premium 650-liter 690; The Yangtze River Comprehensive 1# copper price was reported at 61510 yuan / ton, down 150 yuan, and the premium was 570-690; Guangdong spot 1# copper price was reported at 61460 yuan / ton, down 140 yuan, premium 480-680; Shanghai spot 1# copper price was 61380 yuan / ton, down 170 yuan
    .

    In the spot market, imported copper continues to flow in, and downstream enterprises maintain a cautious trading psychology before the holiday, mainly based on just-needed procurement, the overall demand for inventory is weakened, and the transaction atmosphere is general
    .
    The U.
    S.
    index U.
    S.
    debt remained at a high level, the trend of non-ferrous metals continued to come under pressure, coupled with the recent increase in copper inventories, the increase in copper concentrate processing fees, the intertwining of multiple factors, and the center of gravity of Shanghai copper shifted
    .

    Shanghai copper opened low in early trading during the day, and the latest opening price of the main monthly 2211 contract was 60190 yuan / ton, down 170 yuan
    .
    In the fourth quarter, copper concentrate processing fees were raised by 93 US dollars / ton and 9.
    3 cents / pound, up 13 US dollars / ton from the third quarter processing fees, spot copper supply is in a recovery trend, and imported copper also shows signs of increase, but holders continue to hold prices, spot premiums remain high, the degree of market game intensifies, copper prices coexist under macro pressure and fundamental support, short-term weak finishing, and copper is expected to remain stable
    .

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