Copper prices rebounded slightly, and the market performance was glued

Overnight, economic data from Europe and the United States showed signs of a slight slowdown, with the eurozone composite PMI hitting a five-month low
.
Short-term copper price supply and demand both sides are limited by electricity threat, market contradictions began to shift to intermediate links, including smelting, processing and transportation
.
The contradiction
between the continuous opening of the import window and the limited number of imports.
At present, the bonded warehouse has fallen to 265,000 tons, a historical low of 200,000 tons, and LME stocks are mainly concentrated in Europe, especially in the Netherlands, where Trafigura is located, and there are only a few
stocks that can be moved.
Technically, copper prices lack direction in the short term, and wait patiently for clarity
.

9-24: The average price of electrolytic copper in Foshan in Nanchu: 68990 yuan, flat, the monthly discount quotation: 200 to 350, down 10
.
Inventories continue to decline, the supply of goods circulating on the market is still not much, traders enter the market early to inquire about the goods, more to the South Reserve low-price trading transaction, flat water copper to the month reported a premium of 260 yuan / ton, good copper is scarce, traders to the month to report a premium of about 400 yuan / ton, traders are afraid of this, transaction difficulties
.
Near the break, flat water copper centralized price adjustment to 200 yuan / ton, low-price source transaction is better, good copper real price only heard and reported no transaction, South Reserve high price slightly traded, after pricing market activity is still not high, close to noon close, the overall trading atmosphere of the day is general, but the transaction is mostly a small amount of dispersion of
limited total.
The premium copper pair is 300-350 yuan / ton in the month; Flat water copper premium 200 yuan / ton
.

9-24: The average price of electrolytic copper in Shanghai in Nanchu: 69130 yuan, up 90, the monthly discount quotation: 380 to 450, up 80
.
Shanghai copper main shock is strong, inventory to maintain a downward trend, holders to raise the water intention is not exhausted, the next month ticket offer in the day, the quotation premium 380-410 yuan / ton, the monthly ticket is scarce, compared with the previous day's quotation has a large increase, flat water copper premium 360-380 yuan / ton, good copper premium 420-450 yuan / ton, good copper goods less, offer price spread continues to be high; The willingness of merchants to adjust prices within the day is not high, and the downstream favors the monthly ticket, and the low price source is quickly digested by the market; In the second quarter of the transaction, merchants continued to raise the premium to the shipment, flat water copper to the current month premium 400-410 yuan / ton, good copper premium 480 yuan / ton, the transaction is slightly deadlocked, the end of the month of the strong demand for bills led to positive transactions, high temperature remains firm
.
The premium copper rose 410-480 yuan for the month, up 85; flat water copper premium 380-400 yuan, up 95; Wet copper premium 200-280 yuan, up 75
.