December 27 Copper Market Brief Review

On Thursday, the main contract of Shanghai copper 2002 opened at 49690 yuan / ton in the morning, and fell to around 49500 yuan / ton at the open, and then the center of gravity fluctuated between 49470-49630 yuan / ton until the end of midday; In the afternoon, the center of gravity continued to stabilize for a long time at 49,600 yuan / ton, until it continued to rise slightly near the close and closed at 49,650 yuan / ton, up 120 yuan / ton, or 0.
24%.

The average price of electrolytic copper in Shanghai in the South Reserve: 49340 yuan, up 120, the price of the month's discount: -80 to -70, up 5 (the monthly ticket).

There are still a large number of monthly ticket quotations in the morning market, holders generally up the quotation, flat water copper liter discount from -50, -60 yuan / ton, good copper quotation in -50 yuan / ton, compared with yesterday's transaction price has risen sharply, but basically there is no market state, and then some holders took the initiative to reduce -70 yuan / ton, but the transaction is still not good, some quotations are as low as -90 yuan / ton
.
The price quotation of next month's pass will also be lowered from about -100 yuan / ton to about
-130 yuan / ton.
Although the shippers were positive during the day, the market sentiment was low and the consumption was poor, and the premium was high and low
.
Premiums copper to the current month sticker 70-60 yuan, up 10; flat water copper sticker 90-80 yuan, up 10; Wet copper sticker 130-110 yuan, up 10
.

The average price of electrolytic copper in Foshan in Nanchu: 49390 yuan, up 130, the monthly discount quotation: -50 to 0, up 10
.
Shanghai copper rushed back down, and the main contract closed at 49,610 yuan / ton, up 80 yuan
.
In terms of spot, the holder ships normally, the current month's ticket flat water copper discount 40-50, good copper discount 0-10, and some of the next month's ticket flat water copper, report discount 70-80, the year-end settlement market has demand for the current month's ticket, the price is firm, and the next month's ticket price difference is 20-30 yuan
.
Overall, the willingness to receive goods near the end of the year is becoming more and more flat, and it is likely to remain until the end of the month, and intraday spot trading is difficult, but the holders have no further price adjustment to the source of the current month's ticket, while the source of the next month's ticket is relatively cheap
.

Shanghai copper continued to maintain a stable high level during the day, mainly because the current CSPT group's joint production reduction expectations boosted copper prices to maintain stability; Moreover, the continuous operation of domestic monetary policy has given investors confidence, which is also one of the important factors for maintaining the stability of
copper prices.