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April 11 copper market noon review

 Last Update: 2022-12-15
 Source: Internet
 Author: User

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Copper market summary: European and American tariff wars are about to hit market sentiment, overnight London copper closed down $25, fundamental short-term supply pressure is still large, macro atmosphere is short drag on copper prices, copper is expected to fall
slightly today.

Copper City

Today's Shanghai electrolytic copper spot contract reported a premium of 30 yuan / ton ~ 150 yuan / ton, flat water copper trading price of 49220 yuan / ton ~ 49280 yuan / ton, premium copper trading price of 49320 yuan / ton ~ 49380 yuan / ton
。 Shanghai copper slightly down to 49200 yuan / ton of the first line, holders of the price to raise the willingness to continue fermentation, morning market quotation premium 30-130 yuan / ton, market inquiry atmosphere is active, low premium source attracted most traders to buy, the transaction performance is good, good copper led to raise the quotation to 140 ~ 150 yuan / ton transaction is still good, flat water copper slightly raised to the premium 40 ~ 50 yuan / ton nearby, but the transaction is slightly inferior to good copper, the performance is deadlocked
.

The decline in copper attracted some downstream replenishment, and the corresponding quotation of wet copper rose to a discount of 60 ~ 40 yuan / ton, showing that the price was mostly bargain
buying.
Today's next month price spread continued to stabilize around 140 yuan / ton, market transactions led by traders, bargain hunting transactions have improved significantly, low-priced goods are difficult to find, and premiums remain stable
.

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