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June 18 copper market noon review

 Last Update: 2022-12-16
 Source: Internet
 Author: User

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Copper market summary: Chile copper mine strike sparked new supply concerns, overnight London copper trend rebounded late to close up $44, domestic refinery maintenance, China's May refined copper production declined, is expected to rise slightly today
.

Copper City

Today's Shanghai electrolytic copper spot contract reported a premium of 40 ~ 90 yuan / ton, a flat water copper trading price of 46330 yuan / ton ~ 46390 yuan / ton, and a premium copper trading price of 46370 yuan / ton ~ 46430 yuan / ton
。 Shanghai copper performance is stable, today is the first trading day after the change of month, because yesterday the holders have mostly quoted on the 1907 contract, today's holders quote to maintain stability, the morning market quotation flat water copper is in the premium 30 ~ 40 yuan / ton, it is difficult to have room for price pressure, good copper stalemate at the premium 70 ~ 80 yuan / ton, traders have the willingness to receive goods at a low price, but in fact it is more difficult to achieve wishes, wet copper holds steady at the discount of 40 ~ discount 20 yuan / ton
.

Holders still have a price mentality, not eager to cut prices and sell goods, the market is still unstable, the transaction is deadlocked, but traders have the demand to deliver long orders during the week, looking for low-priced sources in the market, if the premium falls, the transaction may improve
.

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