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    Home > Chemicals Industry > New Chemical Materials > April 12 Copper Market Afternoon Review

    April 12 Copper Market Afternoon Review

    • Last Update: 2022-12-09
    • Source: Internet
    • Author: User
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    The United States recently announced that it will introduce measures to carry out military strikes on Syria, the market risk aversion has heated up sharply, the metal market has been greatly suppressed and generally fallen, London copper fell below $6900 support in early trading, Shanghai copper main force fell sharply in the morning failed to stand firm at 51,000 yuan line, basically recovered this week's gains, trade friction sentiment slightly eased signs, scrap copper supply shortage has a certain support for copper prices, but the recent macro market bearish factors significantly inhibit the copper market rebound, technical continues to fall, it is expected that Shanghai copper or continue to fall today, It is expected that there is no possibility
    of falling through the 50,000 mark for the time being.

    Copper City

    Today's Shanghai electrolytic copper spot contract discount of 20 yuan / ton - premium 40 yuan / ton, flat water copper trading price 50680 yuan / ton - 50780 yuan / ton, premium copper trading price 50700 yuan / ton - 50800 yuan / ton
    .
    Shanghai copper from 51,000 yuan / ton first-line diving 400 yuan / ton, morning market quotation flat water copper discount 20 yuan / ton, good copper is pressed to the vicinity of flat water, only a small number of traders can trade
    .
    After the diving of the plate, some downstream bargains were received, and the buying interest improved, and the quotation rose
    .
    In the second trading session, flat water copper has been difficult to find a discount source, the quotation gradually raised to about 10 yuan / ton, good copper also correspondingly raised to 20-40 yuan / ton, the transaction strength is not as good as flat water copper, indicating that the downstream is the main force
    of today's receiving goods.
    The market fell to around 50,500 yuan / ton, and the trading stalemate pattern in the previous two days improved
    significantly.

    Scrap copper market, the market supply is obviously in short supply, because the import source can not be replenished, the current holders of many prices high premium shipments, due to the further expansion of the waste electricity price difference, most of the downstream turn to the purchase of high-quality electrolytic copper, conducive to the further increase in copper consumption demand, the market is generally optimistic about the rise in copper prices in the future, near the end of the month downstream users purchase on demand, the overall total transaction volume is less
    .

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