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March 11 copper market noon review

 Last Update: 2022-12-18
 Source: Internet
 Author: User

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Copper market afternoon commentary: economic stimulus package prompted a strong rebound in U.
S.
stocks, London copper closed up $61 overnight, China's easing of the epidemic boosted industrial metal demand improvement, and infrastructure is expected to be higher, copper or slightly higher
today.

Copper City

Today's Shanghai electrolytic copper spot contract discount of 10 yuan / ton ~ premium 10 yuan / ton, flat water copper trading price 44240 yuan / ton ~ 44300 yuan / ton, premium copper trading price 44250 yuan / ton ~ 44310 yuan / ton
。 Shanghai copper continued to rebound to 44300 yuan / ton line, close to delivery, the next month price spread fluctuated at 170 yuan / ton, the holder again raised the premium willingness is strong, the morning holder quotation discount 10 ~ liter 10 yuan / ton, discount 10 yuan / ton of flat water copper first traded, then the price in flat water, good copper premium market transaction is suppressed, premium and then rise hindered, a small number of holders for shipment for cash, a part of the good copper down to flat water quotation, due to the limited downstream receipt, wet copper is difficult to greatly narrow the discount, quotation discount 80 ~ Discount 70 yuan / ton
.

Today's intraday rebound is blocked in the gap, both lack of bulls to follow-up, and few bears to sell pressure rashly, intraday performance narrow fluctuations, spot premium before delivery of the price willingness is strong, little adjustment, lack of buying attractiveness to the market, market performance to stop and see, trade speculation willingness is suppressed, downstream is waiting for the price to fall back adjustment, when the opportunity to enter the market, so the two markets are showing stalemate and
tug-of-war.

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