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    Home > Chemicals Industry > New Chemical Materials > June 28 Copper Market Afternoon Review

    June 28 Copper Market Afternoon Review

    • Last Update: 2022-12-11
    • Source: Internet
    • Author: User
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    In the morning at a low level of buying to promote and a sharp sell-off after the technical adjustment, domestic metals basically maintained an upward trend in the morning, most varieties got rid of recent lows, but the dollar index stood strongly at the 95 mark, suppressing metal market confidence, London copper seems to have a downward trend of $6500, Shanghai copper rose slightly in the morning to basically recover this week's decline, but the overall rally has not had obvious momentum, trade war concerns still inhibit copper market confidence, from the current situation, the trade war in the short term is still not likely to end, it is expected that today's Shanghai copper or continue to rise, The increase is limited, it is recommended to wait and see
    .

    Copper City

    In terms of the market, non-ferrous metals are generally red today, and Shanghai copper rebounded
    slightly.
    The morning market quotation of the holder was firm at the discount of 180~140 yuan / ton, the transaction stopped, and then the good copper was adjusted to the discount of 160~150 yuan / ton, and the price of flat water copper was adjusted to the discount of 200 yuan / ton
    .
    Some speculators with financial ability replenished goods next month, received goods at a low price, the transaction improved slightly, the transaction of low-priced flat water copper was better than good copper, the proportion of wet copper sources decreased, today's quotation converged, slightly narrowed than yesterday The quotation is about 270 yuan /
    .
    Tomorrow is the last trading day of this month, bank capital repayment has basically entered the end, most of the enterprises will also enter the settlement state, plus the weekend, the premium discount may show a stalemate, and the transaction is difficult to make a breakthrough improvement
    .

    Scrap copper market, the market supply is obviously in short supply, because the import source can not be replenished, the current holders slightly adjust the price of shipments to ease the financial pressure, because the refined waste price difference continues to widen again, electrolytic copper consumption has slowed down slightly, inventory overall has a continuous increase trend, because the current premium is too high, downstream shutdown and production reduction phenomenon has increased, holders continue to sell, the transaction is general
    .

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