Copper prices rose on the 11th and overall trading stalemate

Shanghai copper trend on December 11:

Shanghai copper is operating at a high level today. The main month 2101 contract opened at 57410 yuan/ton, the highest intraday was 59210 yuan/ton, the lowest was 57110 yuan/ton, the settlement was 58,150 yuan/ton, and the closing price was 57830 yuan/ton. , Up 700 yuan. The trading volume of Shanghai Copper's main 2101 contract increased by 157,958 hands to 280,050 hands throughout the day, and open interest decreased by 5,821 to 102,568 hands.

Yangtze River Copper network Copper price statistics:

Today, the domestic spot copper prices rose, the Yangtze River Nonferrous Metals 1 # copper price reported 58,090 yuan / ton, up 1,100 yuan, 110 liters of water 50 liters of water; Guangdong spot 1 # copper price reported 58,060 yuan / ton , Up by 1080 yuan; Changjiang spot 1# copper price was 58170 yuan/ton, up 1100 yuan, premium of 110-130; Shanghai spot 1# copper price reported 58,395 yuan/ton, up 1385 yuan.

CCMN copper market analysis:

During the Asian trading hours, LME copper fluctuated downward. The latest price at 15:00 Beijing time was $7817.5/ton, down $55.5, or 0.70%. In the spot market, holders reduced premiums, receivers were more willing to lower prices, downstream consumption weakened, and transactions were deadlocked. The US economic stimulus negotiations are still deadlocked, but Europe has introduced more stimulus measures to boost market optimism, and fundamentals have not changed significantly.