August 2 copper market noon review

Today's Shanghai electrolytic copper spot contract reported a premium of 50 ~ 90 yuan / ton, the transaction price of flat water copper was 46400 yuan / ton ~ 46460 yuan / ton, and the trading price of premium copper was 46420 yuan / ton ~ 46490 yuan / ton
。 London copper fell nearly 100 dollars, Shanghai copper only fell 200 yuan / ton at 46400 yuan a line, Shanghai-London ratio revised upward, import profit window opened, holders of the morning quotation premium 60 ~ 90 yuan / ton, morning market downstream inquiry positive, but the plate from the low of 46250 yuan / ton step back to 46350 yuan / ton above, traders after yesterday's large number of receipts, today due to high premium and forced to stop, after ten o'clock, the market quotation gradually loosened, flat water copper leading down to 50 yuan / ton, good copper around the premium 70 ~ 80 yuan / ton of the first line, it is difficult to have room for price reduction; Wet copper is favored downstream, and wet copper is fully elevated to 20~30 yuan / ton first-line quotation, and the supply is difficult to find
.
Imported copper was closed almost in July, causing inventories to grow at a limited rate during the off-season in August, and supply did not expand significantly, so there was little room for pressure on premiums
.
However, at present, the market has lost all moving averages, and the center of gravity may slide to the 46,000 yuan / ton mark, downstream or waiting for a lower and more ideal entry level, and the holders' grasp of the future market premium or more attention to the subsequent inventory increase
.