Brief review of the copper market on March 10

Shanghai copper rebounded strongly after bottoming on Tuesday, opened high and gradually bottomed out during the day, and closed at 44540 in the main Shanghai copper 2004 contract at the end of the day
.
Overnight, affected by Saudi Arabia's crude oil war, the U.
S.
stock market once fused, but London copper in the early stage has released price pressure under the price is relatively firm, and the other side of the domestic epidemic control is strong, in the domestic refined copper demand accounted for half of the world, the market still looks at the late copper price recovery space, short-term market bottoming shock-based, the main support to raise to 44,000, the downstream of the operation can consider just need to stock
.

Copper continued to rise to 44,000 yuan / ton after yesterday's sharp decline, rebounding 500 yuan / ton
from yesterday.
The price difference in the next month is around 190 yuan / ton, the market inquiry is positive, the morning market quotation flat water copper discount 20 yuan / ton, good copper quotation discount 10 yuan / ton nearby, good copper pressure price discount 20 yuan / ton to have traders to trade, flat water copper pressure price discount 30 yuan / ton, the transaction is also acceptable, after the rebound of the plate, downstream buying is not as good as yesterday
.

In the second trading session, flat water copper has been difficult to find a discount of 30 yuan / ton of supply, the quotation gradually returned to the discount of about 20 yuan / ton, good copper maintained at a discount of 10 yuan / ton, the transaction strength is not as good as flat water copper, showing that traders are the main force of intraday receiving goods
.
The wet copper subsidy was correspondingly narrowed to less than 100 yuan, and stabilized at about
80 yuan / ton of the discount.
Before delivery, the holders try to raise the quotation under the influence of the price difference of the next month, but the actual results are more difficult, and the cautious demand and delivery state make the intraday market show the supply and demand tug-of-war again
.