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    Home > Chemicals Industry > New Chemical Materials > July 17 Copper Market Afternoon Review

    July 17 Copper Market Afternoon Review

    • Last Update: 2022-12-11
    • Source: Internet
    • Author: User
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    The overall high operation of the US dollar index, there are still restrictions on the rise in copper prices, with the obvious release of trade friction risk sentiment after there are no further signs of escalation, London copper rose slightly in early trading or is expected to continue to rise, Shanghai copper main force by the first half of the domestic economic data in the first half of the year is less than expected, the rally slowed down significantly, a slight recovery in the morning but the overall rise is limited, as copper market inventories continue to decline, there is still some support for copper prices, but demand will still decline significantly under off-season consumption, or limit the possibility of further rebound of copper prices, Shanghai copper is expected to recover slightly today, but the increase is limited
    .

    Copper City

    In terms of the market, the recovery of Shanghai copper in the month was hindered at 49,000 yuan / ton, and on the first trading day after the change of month, due to the continuous closure of the import ratio, the amount of imported copper entering the market was limited, the quotation of the holder was firm, the morning market inquiry was positive, and the quotation of the holder was discounted by 140~100 yuan / ton, attracting traders to lead the market to receive goods, and the transaction was active
    。 In the second trading session, in the positive atmosphere of the transaction, the holders collectively raised the quotation, flat water copper reported to a discount of about 120 yuan / ton, good copper quotation discount of about 90 yuan / ton, wet copper held at the discount of about 160 yuan / ton, the market has been difficult to find a low-priced source, the transaction earlier market has been suppressed, but in order to buy cash selling period traders to receive goods dependent, today with traders as the leader, the overall transaction of the market is picking up, but the downstream still maintains just need to buy
    .

    Scrap copper market, the market supply is obviously in short supply, because the import source can not be replenished, the current holders slightly adjust the price of shipments to ease the financial pressure, because the refined waste price difference continues to widen, electrolytic copper consumption has slowed down slightly, inventory overall has a continuous increase trend, because the current premium is too high, downstream shutdown and production reduction phenomenon increases, holders continue to sell, the transaction has not improved
    .

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