July 1 Copper Market Afternoon Review

Today's Shanghai electrolytic copper spot contract reported a premium of 80 yuan / ton ~ 120 yuan / ton, flat water copper trading price of 49370 yuan / ton ~ 49490 yuan / ton, and a premium copper trading price of 49380 yuan / ton ~ 49500 yuan / ton
.
Global liquidity easing and inflation stimulus have helped copper prices continue to climb, constantly updating recent highs, and today's Shanghai copper rose another 500 yuan/ton to a high of 49,400 yuan/ton
.
After the copper rose sharply, the market premium was high and low, the morning market holders quoted a premium of 130 ~ 150 yuan / ton, a large number of imported copper goods outflow, holders are eager to exchange cash at a high price, but the market is afraid of high buying and unable to buy, the transaction is fruitless under the flat water copper led to a landslide-style downward trend, flat water copper quotation fell straight down 100 yuan to about 90 yuan / ton, good copper quotation slipped to the premium around 100 yuan / ton, a small number of transactions
.

In the second section of the trading stage, the high copper price made it difficult to improve the market transaction suppressed, the quotation of flat water copper continued to fall to around 80 yuan / ton, and the quotation of good copper fell to 90 yuan / ton, all of which have room for price pressure, and the wet copper self-liter 30~40 yuan quickly followed down to 10~20 yuan / ton
.
Futures prices continue to rebound, traders and downstream are afraid to stop and wait and see, holders sell a large number of goods, today's quotation is almost cut is difficult to improve to improve the market buying interest, the characteristics of strong and weak futures are highlighted, and the premium has not seen a stop signal
.