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Contents of this article
- 1. Copper prices hit record highs in March
- 2. Which region has the highest copper price?
- 3. The latest market price of LME
- 4. Copper price opening time on September 5th
Copper prices hit record highs in March
No, prices were high in the first half of May and then continued to decline. During this period, prices rose.
Which region has the highest copper price?
An Wei Gao!
Up to now, the highest transaction prices in some regions have been released, as follows: The highest transaction price of copper: 67,695 yuan/ton in Zhejiang, 67,623 yuan/ton in Henan, 67,718 yuan/ton in Anhui (including Shan County), The price in Shanghai is 67,100 yuan/ton and in Tianjin is 67,695 yuan/ton.
LME latest market price
1. Market conditions (LME and Shanghai stock market):
LME copper futures closed down US$78 at US$9,418/ton, a decrease of 0.88%; LME aluminum closed up US$23 at US$2,623/ton, an increase of 0.58%; LME zinc closed up $16 at $3,162/ton; LME lead closed down $46 at $2,210/ton; LME nickel futures closed up $77 at $20,030/ton; LME tin closed up $352 at $39,335 /Ton. The international copper night market closed up 0.13%, with the latest price of 61,300 yuan/ton; the Shanghai copper price closed down 0.04%, with the latest price of 69,200 yuan/ton; Shanghai aluminum closed up 0.90%, with the latest price of 18,965 yuan/ton; Shanghai zinc closed at It fell 0.78%, the Shanghai Composite Index closed down 1.91%, Shanghai Nickel closed down 0.11%, and
Shanghai Tin closed down 0.08%.
2. Recent spot chart:
The average spot copper price since November 2021: 71,268 yuan/ton, a decrease of 237 yuan/ton from last week since November. Scrap copper is about 28-33 yuan/kg (current price). The average price of spot aluminum since November 2021: 19,061 yuan/ton, a decrease of 61 yuan/ton from November to last week. Aluminum scrap is about 7.2-9.5 yuan/kg (current price). Since November 2021, the average spot price of lead has been 15,382 yuan/ton, an increase of 10 yuan/ton from the average price from October to last week, making it the metal with the least price fluctuations. The average spot zinc price since November 2021: 23,792 yuan/ton, an increase of 11 yuan/ton from the average price from October to last week. The average spot price of nickel since November 2021: 147,675 yuan/ton, an increase of 459 yuan/ton from last week. The average tin spot price since November 2021: 293,550 yuan/ton, an increase of 570 yuan/ton from last week.
3. Copper inventories:
LME market unit: tons Update: 78,350 tons on December 3, an increase of 125 tons year-on-year.
COMEX market unit: short tons update: short tons 58671 on December 3, an increase of 0 tons.
Shanghai weekly inventory report unit: tons Update: December 3, 36,110 tons, a decrease of 5,752 tons, a significant decrease of 13.74%.
The Yangtze River spot copper price has fallen for five consecutive days, the demand for downstream copper scrap has weakened, and the scrap copper refining and scrap gap has narrowed. At present, the refining waste difference (deduction) is around 1,200 yuan/ton. The continued decline has led to inactive transactions. The downstream mainly consumes inventory and purchases in small quantities. London Metal Exchange (LME): Aluminum stocks fell by 6,775 tons, copper stocks increased by 125 tons to 78,350 tons, nickel stocks fell by 1,050 tons, lead stocks fell by 575 tons, tin stocks increased by 75 tons, and zinc stocks fell 1,775 tons. The current LME inventory is less than 80,000 tons. The Shanghai inventory in the weekly report on December 3 was 36,110 tons, a decrease of 5,752 tons, a significant decrease of 13.74%. It is reported that low inventories support copper prices, uncertain demand creates price pressure, and U.S. non-agricultural trade is better than expected. The main contract copper price is expected to remain unchanged at around 69,500 yuan/ton, and the copper price may remain volatile in the range of 69,000-73,000 yuan/ton. Copper prices are expected to fall by about 300 yuan/ton on Monday.
Copper price opening time on September 5th
23:00—03:30. According to the exchange website, the copper price opening time on September 5th is equivalent to 23:00-03:30 Beijing time on Monday. The recent downward trend in copper prices has been obvious. After entering September, the copper price fell by 24.4%. On the night of September 3, it fell below the 60,000 mark, causing it to open at 59,500 yuan/ton on July 4. The opening copper price fell by 2,000 yuan/ton. Ton.
The above is all about the copper price on November 9th, whether the copper price will rise in July 2022, and the related content on November 9th. I hope it can help you.