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    Home > Chemicals Industry > New Chemical Materials > July 2 Copper Market Afternoon Review

    July 2 Copper Market Afternoon Review

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
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    Copper market afternoon commentary: the global stock market higher to drive market sentiment, overnight London copper closed up $70 strongly, China's manufacturing fundamentals continued to improve, South American copper mine production disturbance still exists, today's copper material rose
    .

    Copper City

    Today's Shanghai electrolytic copper spot contract discount of 10 yuan / ton ~ premium 40 yuan / ton, flat water copper trading price 49410 yuan / ton ~ 49520 yuan / ton, premium copper trading price 49420 yuan / ton ~ 49520 yuan / ton
    。 Shanghai copper high volatility sorted out at 49,500 yuan / ton, the morning market is still pouring out of abundant cash willingness clear, most of them are from imported copper sources, continuing the rhythm of the landslide in previous days, the quotation of holders continues to decline, the willingness of the market to receive goods is always low, the supply of sufficient holders accelerated to reduce the quotation, good copper from the premium around 50 yuan / ton dropped to 10 yuan / ton, flat water copper from 40 yuan / ton quotation directly to the discount of around 10 yuan / ton to show the willingness to receive goods; Downstream to keep wait-and-see, wet copper quotation from 20 ~ discount 50 yuan / ton and there is still a lot of room for
    price reduction.
    Plate strong copper price is high, inventory is increasing, market consumption is afraid of high buying is weak, market risk aversion vigilance is still high, the market is temporarily difficult to quickly digest incoming imported copper, the warehouse has recently experienced a sharp decline in daily shipments, and spot premiums may soon turn to a comprehensive discount situation in the short term
    .

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