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    Home > Chemicals Industry > New Chemical Materials > April 16 Shanghai copper noon review

    April 16 Shanghai copper noon review

    • Last Update: 2022-12-09
    • Source: Internet
    • Author: User
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    The main force of Shanghai copper continued to fluctuate in early trading, but the support of the 50,000 mark was still obvious
    .
    Over the weekend, the United States, Britain and France launched a military strike on Syria, the market risk aversion was high, and there was no further movement in trade frictions, but the lower dollar index had some support for copper prices, and downstream inventories went obviously, indicating a slow recovery in demand, and there was no significant improvement in fundamentals, and it is expected that Shanghai copper will maintain a narrow range today
    .

    Shanghai copper

    In terms of the market, today's Shanghai copper 1804 contract last trading day, the next month price difference fluctuates in the range of 160 ~ 180 yuan / ton, most of the market holders have quoted on the 1805 contract, the morning market price difference is around 160 yuan / ton, flat water copper quotation in the premium 200 ~ 220 yuan / ton, good copper in the premium 250 yuan / ton, as the price difference expands to 170 ~ 180 yuan / ton, good copper raised to 270 yuan / ton, flat water copper raised to 220 ~ 230 yuan / ton, today it is difficult to find wet copper , the quotation is almost low-end flat water copper, based on the premium of 200 yuan / ton
    .
    The price difference before the noon close has widened to 200 yuan / ton, the quotation of good copper liter water raised to 270 ~ 280 yuan / ton, but the transaction showed a gradual decline trend, converted into the contract of the month, the premium is difficult to break 100 yuan / ton, with today's most uncertain wait-and-see attitude, after tomorrow's moon change, whether the market can continue to maintain a stable high premium There are still questions
    .

    Scrap copper market, the market supply is obviously in short supply, because the import source can not be replenished, the current holders of high prices and high premium shipments, because the waste electricity price difference continues to narrow, 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, close to delivery downstream users wait and see, the overall total transaction volume is limited
    .

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