July 26 copper market noon review

Today's Shanghai electrolytic copper spot contract discount of 10 yuan / ton ~ premium 50 yuan / ton, flat water copper transaction price 46940 yuan / ton ~ 46970 yuan / ton, premium copper trading price 46970 yuan / ton ~ 47000 yuan / ton
.

Shanghai copper continues to fluctuate around 47,000 yuan / ton, the weekend is coming, and the long order has basically come to an end, most of the holders have held the next month's invoice quotation, next month's invoice holders reported flat water ~ premium 30 yuan / ton, spot buying is weak, holders take the initiative to reduce prices to seek transactions, flat water copper led the downward adjustment, the transaction was around 10 yuan / ton, good copper reported to 20 ~ 30 yuan / ton, the transaction improved
.
For some downstream people, it is still necessary to issue invoices in the same month, good copper is around 40~50 yuan / ton of premium, and flat water copper is quoted around
10 yuan / ton of premium.
Wet copper stalemate at the level of 60 ~ 30 yuan / ton
.
Futures are also difficult to get rid of the range shock pattern, traders still maintain the willingness to find goods at low prices, especially flat water copper, the willingness to buy is discounted, but the market can reduce the price to a larger discount of the brand supply and holders are limited, supply and demand sides are still divergent, the weekend temporarily maintained a deadlock
.
However, near the end of next week, capital and high temperature weather have put certain pressure on the production of downstream enterprises, and it is difficult for trade flows to increase significantly, and spot discounts may gradually expand
.