December 6 copper market noon review

Copper market summary: the dollar index is weak, overnight London copper closed up $21 to a more than one-week high, a copper smelter accident in Europe caused production interruption, domestic consumption recovery expectations strengthened, copper is expected to rise
slightly today.

Today's Shanghai electrolytic copper spot contract reported a premium of 140 ~ 180 yuan / ton, the transaction price of flat water copper was 47350 yuan / ton ~ 47390 yuan / ton, and the transaction price of premium copper was 47360 yuan / ton ~ 47400 yuan / ton
.
The center of gravity of copper in Shanghai returned to maintain stability at 47,200 yuan / ton
.

Spot market, yesterday afternoon has opened the situation of high premium rapid cash exchange, this morning market holders tentatively quoted in the premium 170 ~ premium 180 yuan / ton, but in exchange for the rush to gush out of the source and eager to exchange cash, the market has no willingness to trade receipts, so the market opened the downward adjustment mode, flat water copper all the way down to 140 yuan / ton There is still room for price pressure, good copper adjustment to 150 ~ premium 160 yuan / ton, lack of trading, wet method follows the market down to 60 ~ 80 yuan / ton nearby
。

Copper futures remain strong, downstream buying is suppressed, the trade market this week of speculative active market conditions basically came to an end, the premium is difficult to rush again, it is inevitable that there will be a high fall, but the inventory is still in a state of decline, next week and face the trend of delivery, so even if the premium is lowered, it will be limited, but it is difficult to arouse the speculative enthusiasm
of traders again in the process of giving up the gains.