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Copper market afternoon comment: oil prices rose sharply to drive the non-ferrous sector, overnight London copper closed up $30, mine production cut news frequently, but the global economic contraction is not conducive to the export consumption of finished materials, it is expected that today's copper rise and fall is not much
.
Today's Shanghai electrolytic copper spot contract reported a premium of 160 yuan / ton ~ 180 yuan / ton, flat water copper trading price of 42060 yuan / ton ~ 42150 yuan / ton, and premium copper trading price of 42070 yuan / ton ~ 42160 yuan / ton
.
Shanghai copper rebounded slightly, bearing pressure of 42,000 yuan / ton
.
The market rose, the market continued yesterday's quotation, the morning flat water copper is unwilling to reduce shipments, the quotation is 170 ~ 190 yuan / ton, but the market holders are concentrated in shipments, and the quotation of the next month's ticket appears, dragging down the firmness of the monthly ticket, good copper quotation concentrated in the premium 170 ~ liter 180 yuan / ton, flat water copper premium 160 yuan / ton nearby, low-price sources are still favored by traders
.
Downstream maintained rigid demand, downstream consumption stopped when the market fell at the beginning of the week, and wet copper was slightly lowered to 120 yuan / ton quotation
.
The market has the willingness to receive goods at a low price, but the holders are still holding prices, the performance of the market is pulling up, recovering some of the losses at the beginning of the week, and the high level suppresses some downstream buying sentiment, but traders still have a low price receiving sentiment, and supply and demand are still
deadlocked.
After the end of the long order, the low-priced goods of the next month's pass will become more and more favored, and the premium will still interpret the rhythm
of gradually pushing up.