August 28 copper market noon review

Today's Shanghai electrolytic copper spot contract reported a premium of 50 ~ 90 yuan / ton, the trading price of flat water copper was 46550 yuan / ton ~ 46610 yuan / ton, and the trading price of premium copper was 46570 yuan / ton ~ 46630 yuan / ton
。 The center of gravity of Shanghai copper moved slightly up to 46,500 yuan / ton line, the spot market stalemate saw pattern further continued, next month's invoice morning market continued to maintain the quotation premium 60 ~ premium 80 yuan / ton, the transaction was deadlocked, traders intended to receive goods at a low price, only a few holders slightly lowered the quotation, flat water copper as low as 50 yuan / ton, good copper reported at the level of 70 yuan / ton; Wet copper continued yesterday's quotation premium 20 ~ premium 40 yuan / ton of the first line
.

With the end of the month, the demand for invoices in the current month gradually decreased, and individual holders who still held the invoices of the current month gradually opened the price difference with the next month's invoices, with good copper premiums of more than 90 yuan / ton in the current month, and flat water copper rising above 70 yuan / ton
.
Immediately entering September, the market has expectations for next month's consumption improvement, the current copper inventory increment is limited, the financial pressure is not obvious, so that the spot quotation remains stable
.
However, market consumption is weak, and it is difficult to increase the activity of the trade market at the end of the month, making it difficult to break
the continued stalemate in spot prices during the week.