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July 23 copper market noon review

 Last Update: 2022-12-19
 Source: Internet
 Author: User

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ash copper

spot metal prices

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Copper market afternoon commentary: geopolitical tensions heated up again, overnight London copper fell under pressure to close down $86, domestic refined copper supply is slightly abundant, refined waste price spread widening to boost scrap copper consumption, copper is falling
today.

Copper City

Today's Shanghai electrolytic copper spot contract reported a premium of 30 ~ 100 yuan / ton, flat water copper trading price of 51680 yuan / ton ~ 51990 yuan / ton, and premium copper trading price of 51730 yuan / ton ~ 52050 yuan / ton
.
Affected by the tension in Sino-US relations, non-ferrous base metals all turned green, overnight London copper fell sharply, and Shanghai copper returned to below 52,000 yuan / ton again as low as 51,700 yuan / ton
.
Holders basically continue yesterday's quotation style, good copper premium 80 ~ 100 yuan / ton, flat water copper premium 30 yuan / ton, the market is cautious wait-and-see
.

Entering the second trading session, copper prices fell, the market was willing to buy flat water copper with a premium of 20 yuan / ton, and the holder held a firm quotation after the transaction improved significantly, flat water copper concentrated in the premium 30 ~ premium 40 yuan / ton, good copper maintained at about 100 yuan / ton, but the transaction was inferior to flat water copper, and the wet price narrowed slightly after the copper price fell, maintaining a discount of around
50 yuan / ton.
After the copper price recovered, some downstream bargain hunting replenishment, traders are mostly long-term single users, mainly at low price transactions, the premium temporarily stabilized
when the market pullback.

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