January 4 Copper Market Brief Review

On Friday, the main contract of Shanghai copper 2003 opened at 49210 yuan / ton in the morning, and moved slightly down after the opening, but the overall trend was stable, and the center of gravity of Shanghai copper basically hovered around 49140 yuan / ton until the end of midday; At the beginning of the afternoon, Shanghai copper briefly maintained stability around 49150 yuan / ton, and then the bulls withdrew their investment, Shanghai copper fell straight down to 48930 yuan / ton, fell below the 49000 yuan / ton mark, and closed at 48900 yuan / ton, down 490 yuan / ton, down 0.
99%.

The average price of electrolytic copper in Shanghai in the South Reserve: 48960 yuan, down 90, the monthly discount quotation: 20 to 40, up 80
.
During the day, the price of Shanghai copper went higher, the morning holder's inquiry and quotation was positive, the market activity rebounded to a certain extent, the flat water copper quotation premium was 20 yuan / ton, the market acceptance was high, and the transaction situation was better; Good copper fell slightly from the mainstream trading price of the previous day, the market receiving sentiment was better, the trading atmosphere was good, and the transaction situation was better than the previous day.
Copper premium to the current month premium of 30-50 yuan, up 75; flat water copper premium 10-30 yuan, up 80; Wet copper discount 40-20 yuan, up 60
.

The average price of electrolytic copper in Foshan in Nanchu: 48900 yuan, down 150, the monthly discount quotation: -50 to -10, up 15
.
Intraday morning opening, holders shipments are not particularly positive, market inquiry sentiment has rebounded, the market flat water copper quotation in -50, -60 yuan / ton line, some holders choose to raise the price to -40 yuan / ton, but the market as a whole is in a wait-and-see state, failed to have a large number of transactions, -50 yuan / ton quotation is also difficult for traders to receive goods, only a small amount of -60 yuan / ton of transactions
.
However, around ten o'clock, the market receiving sentiment improved, there was a concentrated transaction, and the price also rose slightly to about -50 yuan / ton
.
Some holders then continued to raise their quotations and shipments, but the price after the increase in the second trading section failed to be completed
.
The concentrated trading price of good copper within the day is about
-10 yuan / ton.
On the whole, the trading atmosphere has improved to a certain extent, the market receiving sentiment has rebounded, and the rising discount has risen
.

The center of gravity of Shanghai copper continued to move downward during the day, mainly at present, geopolitical risks in the Middle East intensified again, because Iran's Revolutionary Guard general was killed in air strikes, which intensified market concerns about regional wars, coupled with the recent market rekindled concerns about Brexit, so that safe-haven asset CMX gold has also soared all the way in recent days, and has now broken through $1540 / oz, Shanghai copper heard the rapid decline
.