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    Home > Chemicals Industry > New Chemical Materials > June 7 Copper Market Afternoon Review

    June 7 Copper Market Afternoon Review

    • Last Update: 2022-12-10
    • Source: Internet
    • Author: User
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    Supply worries superimposed on the US dollar index fall, today's copper price hit a new high, London copper broke through $7200 or again tested the $7300 mark, Shanghai copper main force in the morning sharply rushed through the 54000 yuan support level, hit a three-and-a-half-month high, the rise is obvious, technical funds to do more enthusiasm increased significantly, technical indicators upward trend guidance is strong, it is expected that the copper market in the short term still has the possibility of continuing to rise, it is expected that Shanghai copper or still have the possibility of testing the high, the rally may still continue
    .

    Copper City

    Shanghai copper rose thousands of yuan overnight, today's copper prices continue to rise, downstream fear of heights intensified, the basis remains above 200 yuan / ton, speculators favor low-priced sources, morning market quotation discount 60 ~ discount 10 yuan / ton, the market is not attractive
    .
    Speculators follow the trend to lower prices, the quotation is reduced to a discount of 70 ~ discount 30 yuan / ton, the price pressure still has room for amplification, after eleven o'clock, Dajiang small board, Lu Fang and other brands can be reduced to a discount of 80 yuan / ton to receive
    .
    Wet copper subsidy 130 ~ subsidy 100 yuan / ton
    .
    The market continues to show the characteristics of strong and weak in the emerging period, and the fear of heights continues to ferment, which inhibits market consumption
    .
    Market transactions are mostly speculative traders who use the basis to buy and sell before
    delivery.

    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 in consumption demand for electrocopper, because the current premium is too high, downstream shutdown and production reduction phenomenon increases, holders continue to sell, the transaction atmosphere continues to weaken
    .

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