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    Home > Chemicals Industry > New Chemical Materials > Weak merchant demand Copper market trading was light before the holiday

    Weak merchant demand Copper market trading was light before the holiday

    • Last Update: 2022-12-05
    • Source: Internet
    • Author: User
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    In the last trading day, Yangtze River spot 1# copper reported 45830 yuan / ton, down 10 yuan from the previous trading day, with a discount of 30 to 10; Guangdong spot 1# copper price was 45930 yuan / ton, down 10 yuan; Huatong spot 1# copper price was 45855 yuan / ton, down 10 yuan
    .
    Shanghai area 1# electrolytic copper 45800 yuan / ton, no rise or fall, flat water copper transaction 46820 flat, premium copper transaction 45810 down 5
    .

    copper

    Abroad, U.
    S.
    economic data released this week was weak, existing home sales fell more than expected in April, and the preliminary manufacturing purchasing managers' index in May was the lowest since September last year, which made Fed lawmakers more cautious about raising interest rates in June, and the dollar index was weak to the
    upside.

    On the 26th, the London copper Asian market was weak and volatile in the morning, and there were signs of higher in the afternoon, as of 15:10 Beijing time, London metal (LME) copper was last reported at $5730, up $0.
    5, or 0.
    01%.

    In the evening, pay attention to the University of Michigan consumer confidence index and Q1 GDP
    for May.

    In summary, the price of copper has not changed much, with the Dragon Boat Festival approaching, downstream procurement is light, and the copper market is generally trading
    .

     

     

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