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The trade war did not follow the market expectations to gradually enter the negotiation stage, the macro market bearish sentiment continued to be strong, the market trading confidence lacked, London copper stalemate in the morning stalemate at $6800 line, Shanghai copper main morning trend basically stable, the current downstream consumption recovery is more obvious, but the overall demand of the copper market has not improved, trial production ditch side for the second quarter consumption recovery to maintain optimistic expectations, support copper price oscillation recovery, but high inventory stacking momentum dollar or copper price formation of a certain suppression, it is expected that the copper price rebound during the Qingming Festival holiday is limited, It will continue to tug at the 50,000 mark and pay attention to subsequent demand changes
.
In terms of the market, Shanghai copper fluctuated around 50,500 yuan / ton, the last trading day before the small long holiday, the market willingness to exchange cash increased, the price push boom cooled down sharply compared with yesterday, the initial quotation is in the premium 50 ~ 80 yuan / ton, in the active reduction of the holder, the quotation continues to decline, flat water copper trading boom began at 40 yuan / ton, good copper began with a premium of 70 yuan / ton, traders received goods at a low price, the downstream continued to pay stable attention to wet copper, wet copper is difficult to find a source of about 40 yuan / ton, the quotation is firm and almost flat water
。 Approaching the holiday, limited to the restrictions of settlement and warehousing, the transaction is concentrated in the morning, downstream buying in addition to the attractiveness of the price, but also the choice of warehouse, so the transaction is different, the market activity before the holiday is significantly lower than yesterday, chasing the mood cautiously
.
Scrap copper market, the market supply is obviously in short supply, because the import source can not be replenished, the current holders are more than willing to sell, the market transaction gradually recovered, due to the narrowing of the price difference of waste electricity, most of the downstream turned to the purchase of high-quality electrolytic copper, scrap copper has no obvious advantages, demand is further reduced, near the holiday, supply and demand sides obviously turned to wait and see
.
