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    Home > Chemicals Industry > New Chemical Materials > The US dollar exchange rate continued to weaken, and Shanghai copper fluctuated to the upside

    The US dollar exchange rate continued to weaken, and Shanghai copper fluctuated to the upside

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    Today's Shanghai copper volatility upward, the main month 2209 contract opened at 57290 yuan / ton, the highest intraday 59040 yuan / ton, the lowest 57290 yuan / ton, settled 57160 yuan / ton, closed 58890 yuan / ton, up 1730 yuan, or 3.
    03%.

    The trading volume of the main 2209 contract of Shanghai copper increased by 17,824 lots 160993 lots, and the position volume of 152178 increased by 17,630 lots
    .

    Shanghai copper

    During the Asian session, London copper fluctuated higher, and the latest quotation at 15:01 Beijing time was 7645 US dollars / ton, up 163 US dollars, or 2.
    18%.

    In terms of the market, today's domestic spot copper prices rose sharply, Yangtze River spot 1# copper 59050 yuan / ton, up 1300 yuan, 600-640 liters; The Yangtze River Comprehensive 1# copper price was reported at 58880 yuan / ton, up 1310 yuan, and the premium was 390-510; Guangdong spot 1# copper price reported 58710 yuan / ton, up 1320 yuan, premium 180-380; Shanghai spot 1# copper price was 59080 yuan / ton, up 1470 yuan
    .

    In the spot market, downstream consumption has improved, the upper and lower trading performance is more positive, the sentiment of holders is gradually rising, the sentiment of receiving goods is good, and the overall spot trading is acceptable
    .
    Macro sentiment continued to stabilize, the US dollar exchange rate continued to weaken, the pressure on Shanghai copper above eased, coupled with the disturbance at the end of the Peruvian mine and the sharp decline in the inventory of the previous period, Shanghai copper ran
    strongly.

    Today's Shanghai copper opened higher, and the latest opening price of the Shanghai copper 2209 contract was 57410 yuan / ton, up 250 yuan
    .
    China said it would introduce strong policies to stimulate the real estate industry, launching a 300 billion yuan ($40 billion) fund to help alleviate the debt crisis in the real estate industry, which greatly boosted market confidence and brought hope for demand recovery to the market, because the real estate industry is the main user of copper, and the sharp decline in inventories in the previous period has boosted copper prices.

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