June 14 Copper Market Afternoon Review

Today's Shanghai electrolytic copper spot contract reported a premium of 40 ~ 90 yuan / ton, a flat water copper trading price of 46420 yuan / ton ~ 46540 yuan / ton, and a premium copper trading price of 46440 yuan / ton ~ 46560 yuan / ton
.
Chilean copper mine strikes boosted copper prices to rebound, and Shanghai copper rebounded to 46,400 yuan / ton
.
The basis fluctuates in the range of 50~60 yuan / ton in the next month, the holder has no intention of lowering the premium, the quotation remains stable at yesterday's level of premium 50~90 yuan / ton, the transaction still shows the characteristics of sawing, flat water copper can be pressed to 40 yuan / ton to take the goods, good copper down to the premium 70~80 yuan / ton range; The downstream does not have the willingness to replenish a large amount on weekends, and still maintains rigid demand, and wet copper basically maintains a discount of 20 yuan / ton ~ flat water quotation
.

The market is still dominated by trading between traders, mainly because when the price difference widens in the next month, traders want to receive goods at a low price in moderation, but it is difficult to find
low-priced goods.
After the completion of the delivery of the 1906 contract next Monday, the spot premium is difficult to hold for a long time, as imported copper will continue to enter the market, supply remains loose, downstream consumption is difficult to boost for the time being, and mainstream transactions are mainly long-term orders
.
The pre-delivery market may hold steady at current levels
.