January 3 Copper Market Afternoon Review

Copper market summary: China's economic data to boost demand expectations, overnight London copper low rebound closed up $38, construction sector due to weather production slowdown, fundamental lack of positive stimulus, is expected to fall today
.

Today's Shanghai electrolytic copper spot contract reported flat water ~ premium 50, flat water copper trading price 48900 yuan / ton ~ 48950 yuan / ton, premium copper trading price 48930 yuan / ton ~ 48970 yuan / ton
.
Shanghai copper fell back to 49,000 yuan / ton, as low as 48,900 yuan / ton
.
The price of the holder raised the water sentiment further fermented, the quotation has been fully premium, the morning market quotation flat water ~ premium 30 yuan / ton, the morning market buying is strong, the transaction is enthusiastic, the low-price source is quickly bought, so the holder again raised the quotation to the premium 20 ~ premium 50 yuan / ton, but the transaction activity has not been further improved, the market temporarily stopped, so that the good copper trading to maintain the level of premium 40 ~ premium 50 yuan / ton, flat water copper and 20 yuan of premium line
.
The downstream inquiry increased and the purchase was acceptable, and the wet copper was mostly traded
at a discount of 50 yuan / ton.
The supply of low-premium water is still attractive, and the willingness of cargo holders to raise prices has been unceasing, and the characteristics of weak and strong are obvious
.

Sectors involving outdoor engineering, such as construction and electricity, slowed down the pace of production due to weather, but the performance of home appliances, automobiles and other sectors improved marginally; Raw material supply is tight but not yet in shortage, copper concentrate import growth reflects that the start of smelting has not been significantly affected, the expected production reduction will take time to determine, copper market fundamentals lack of favorable stimulation, spot copper prices are expected to fall
.