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Copper prices continued to decline, and the copper market remained shrouded in the shadow of the trade war
.
London copper fell slightly, intraday again touched the low of 6065, did not continue to break and then slightly rebounded, mainly or Sino-US trade war escalation is expected to drive the futures price downward, the trend of London copper early rebound is weak, and now it is continued to be suppressed at a low level, weak performance, according to this, the future market may still be Lun copper led by Shanghai copper fall
.
Today's Shanghai electrolytic copper spot contract reported a premium of 50 yuan / ton ~ 100 yuan / ton, the trading price of flat water copper was 49240 yuan / ton ~ 49330 yuan / ton, and the trading price of premium copper was 49260 yuan / ton ~ 49350 yuan / ton
.
Shanghai copper around the 20-day moving average range oscillation, the morning market next month price difference is still around 90 yuan / ton, morning market holders are still high in the mood, quotation premium 80 ~ 110 yuan / ton, the market is afraid of high premium, lack of interest, rare transactions
.
Subsequently, the price difference narrowed to about 70 yuan / ton in the next month, and the import ratio window opened, the holder in order to open the transaction channel, lowered the premium quotation, flat water copper quotation premium 60 ~ 70 yuan / ton, Fang has improved, good copper has the largest downward adjustment, the transaction concentration is about 80 yuan / ton, but the transaction is still not as good as yesterday.
In the second trading session, the market inflow of Baiyin Red Heron warehouse receipts and gold field warehouse receipts were quoted to around 50 yuan / ton, which greatly affected and weakened the price sentiment of the holders, resulting in a decline in quotations, which can be traded at a low price, and the price of good copper is as low as 70 yuan / ton
.
The downstream bargain buying transaction is acceptable, the wet copper quotation is strong, and the premium is 20~40 yuan / ton
.
Whether the high premium can continue to be watched by the inflow of imported copper and the performance of
the price spread in the next month.
