December 19 copper market noon review

Today's Shanghai electrolytic copper spot contract reported a discount of 100 ~ 50 for the month, the transaction price of flat water copper was 48780 yuan / ton ~ 48850 yuan / ton, and the trading price of premium copper was 48800 yuan / ton ~ 48880 yuan / ton
.
The center of gravity of copper pressure in Shanghai was slightly lower
than yesterday.
Weak demand in the spot market, the morning market quotation is both discounted 70 ~ discount 50 yuan / ton, no one responds, the willingness of the holder to exchange cash is eager, flat water copper discount 80 yuan / ton is also lack of interest, so flat water copper quotation directly expanded to discount 100 ~ discount 90 yuan / ton, recent good copper brand performance is different, ENM due to repeated pound difference problem by the downstream market, traders are also unwilling to take over, the quotation is low close to flat water copper, and CCC-P due to the recent import window continues to close and the supply is small and difficult to find, The top of the quotation is discounted 60 ~ 50 yuan / ton in a high position, and wet copper follows the market to expand slightly, based on a discount of around 130 yuan / ton, but because wet copper is also a scarce supply, the underwater expansion is limited
.

Downstream buying is still scarce today, traders' receiving targets are at a greater discount, and the current transaction situation is light, and holders have increased their efforts to clear inventory due to year-end settlement
.
The market has not seen a straight decline, it is difficult to stimulate the sentiment of receiving goods, and the discount pattern will continue
.