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April 13 Copper Market Afternoon Review

 Last Update: 2022-12-18
 Source: Internet
 Author: User

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Copper market afternoon comment: under the epidemic state, many countries closed their borders, the fifth batch of scrap copper import approvals increased sharply but it is difficult to change the tight supply situation, and the tight raw materials of mine production reduction have supported prices, and copper is expected to rise
today.

Copper City

Today's Shanghai electrolytic copper spot contract reported a premium of 60 yuan / ton ~ 90 yuan / ton, flat water copper trading price of 41820 yuan / ton ~ 42010 yuan / ton, and premium copper trading price of 41830 yuan / ton ~ 42020 yuan / ton
.
Shanghai copper return rose to 42,000 yuan / ton, up nearly 1,000 yuan
from last Friday.
Morning market holders spot quotation premium 60 ~ premium 70 yuan / ton, good copper in the premium 70 yuan / ton after the first line of the transaction will rise to 80 yuan / ton, flat water copper favored by the market, low price premium 60 yuan / ton after the transaction adjusted to 70 yuan / ton, the transaction is
acceptable.

In the second trading stage, the price trend remained unchanged, flat water copper tended to stabilize at premium 70 ~ premium 80 yuan / ton, good copper quotation at premium 80 ~ premium 90 yuan / ton, wet copper followed the market quotation to 10 ~ premium 40 yuan / ton
.
The characteristics of the common strength of futures and cash are obvious, the hearts of holders to raise prices have been unceasing, the downstream continues to maintain rigid demand, traders lead the market transaction, and low-priced sources are favored
by speculators.

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