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Daily review: first risk-averse clinch a deal the copper market

by:Deyuan      2020-12-23
The copper market analysis, the international market a

the world famous investment bank Goldman sachs downgraded further fed rate hike next week probability, fell from 40% to 25%, it said for the fed to tighten policy decision makers did not give a clear guidance of days $index the consolidation movement; Today's copper strong shocks, as Beijing time 16:00, London metals ( LME) Copper for the latest price is $4687, up $24.


2, domestic futures today open Shanghai copper edged higher after maintaining strong trend, the current month 1609 contracts opened 36680 high low settlement 36660 36480 36780, or 36770 yuan/ton, up 250 yuan, up to 0. 68%; Positions, clinch a deal in Shanghai all contracts 303030 hand today, holdings reduce 19324 to 466872 hands. Main contract deal 189584 hands, holdings to reduce 16066 to 199982 hands.


3, the spot market, according to statistics show spot on September 14, 1 # copper to 36860 yuan/ton, the last trading day rose 130 yuan/ton, 150 litres of water to 170 litres of water; In the Shanghai area 1 # electrolytic copper 36800 yuan/ton, up 150 yuan, smooth water copper clinch a deal the price increase 110 yuan, 36790 litres of 36810 copper price rise 110 yuan; Guangdong spot 1 # copper prices at 36750 yuan/ton, up 100 yuan. Huatong spot 1 # copper prices at 36885 yuan/ton, up 130 yuan/ton. Today's spot prices rose slightly, the shipper of positive shipment, but avoid risk in advance, and downstream of the overall deal. Four, industry information


in September, copper concentrate processing maintain in 100 - for the time being $105 / ton range, overall change is not big, in addition, after entering the fourth quarter, copper processing long association negotiations begin, smelting enterprise material purchasing spot bulk raw materials or not. August copper concentrate imports increased month-on-month, refined copper imports rose slightly narrowed, due to supply adjustment ability is stronger, maintain the domestic supply and demand balance.
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