echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > The supply side continues to pick up, and Shanghai copper maintains a downward trend

    The supply side continues to pick up, and Shanghai copper maintains a downward trend

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Today's Shanghai copper maintained a downward trend, the main month 2202 contract opened at 69400 yuan / ton, the highest intraday 69800 yuan / ton, the lowest 69000 yuan / ton, settled 69340 yuan / ton, closed 69520 yuan / ton, down 370 yuan, or 0.
    53%.

    The main 2202 contract of Shanghai copper traded 81771 lots throughout the day, a decrease of 7346 lots, and the position volume of 115000 contracts decreased by 7511 lots
    .

    Shanghai copper

    During the Asian session, London copper trend is strong, the latest quotation at 15:01 Beijing time is 9591.
    5 US dollars / ton, up 29.
    5 US dollars, down 0.
    31%.

    Today's domestic spot copper prices fell, Yangtze River non-ferrous metal network 1# copper price was reported at 69810 yuan / ton, down 230 yuan, premium 340-liter 400; Guangdong spot 1# copper price was 69710 yuan / ton, down 330 yuan; Yangtze River spot 1# copper 69830 yuan / ton, down 300 yuan, premium 370-liter 410; Shanghai spot 1# copper price was 69795 yuan / ton, down 185 yuan
    .

    Total market inventories remained tight, and the import window opened again, leading to higher trade
    premiums.
    The spot market is more active, and the enthusiasm for downstream inquiries is high, but the willingness to receive goods is not high, the overall transaction is not as expected, and the trading atmosphere is average
    .

    Shanghai copper opened higher today, and the latest opening price of the Shanghai copper 2202 contract was 69320 yuan / ton, down 570 yuan
    .
    Near the end of the year, the slowdown in global manufacturing and construction demand caused downstream consumption to be flat, while the supply side continued to recover, copper prices were hindered, and copper is expected to fall
    .

    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.