June 11 copper market afternoon review

In terms of the market, Shanghai copper maintained a high level of volatility, the basis remained stable at more than 200 yuan / ton, the holder still has the willingness to hold the price, the quotation discount 50 yuan / ton ~ flat water, the market is high to stop and see, although the inquiry atmosphere is acceptable, but the trade activity is low, the holder first starts from a good copper price adjustment, actively reduces to a discount of 20 ~ 10 yuan / ton, speculators lower prices, flat water copper can then be pressed to a discount of 60 yuan / ton, Japan, South Korea, Lufang sources of goods that can be pressed are favored by the market, wet copper is stable at a discount of 120 ~ 100 yuan / ton
。 As the delivery period approaches, the basis of the next month does not collect but expands, which limits the space for
underwater expansion to a certain extent.
Downstream on-demand buying, traders' receipt is affected
by their respective financial capacity.
Market trading showed the characteristics of
Monday's tug-of-war.

Scrap copper market, the market supply is obviously in short supply, because the import source can not be replenished, the current holders of high prices and high premium shipments, because the price difference of refined waste continues to narrow, most of the downstream turn to the purchase of high-quality electrolytic copper, conducive to the further increase of copper consumption demand, because the current premium is too high, downstream shutdown and production reduction phenomenon increases, holders continue to sell, the transaction atmosphere is obviously weak
.