March 13 Copper Market Afternoon Review

Today's Shanghai electrolytic copper spot contract discount of 40 yuan / ton ~ premium 70 yuan / ton, flat water copper trading price 49860 yuan / ton ~ 49940 yuan / ton, premium copper trading price 49940 yuan / ton ~ 50020 yuan / ton
.
Shanghai copper rebounded to the 50,000 yuan mark, sorted above 49,900 yuan / ton, and the next month contract spread back structure expanded to more than
200 yuan / ton.
The morning quotation is high but difficult to trade, the holder opens the market quotation good copper premium 80 ~ 100 yuan / ton nearby, flat water copper quotation premium 10 yuan / ton above, the market waits and sees, difficult to buy, with the expansion of the price difference, good copper took the initiative to reduce to 50 ~ 60 yuan / ton, flat water copper price reduced to a discount of 30 yuan / ton, there were some transactions
.

In the second trading stage, due to the premium structure, the market trade speculative atmosphere is still not good, so that the holder further lowered the quotation of good copper has been able to press the price to 40~50 yuan / ton, flat water copper quotation to a discount of 40 yuan / ton and there is room for price pressure, the downstream willingness to receive goods is sluggish, maintain the rhythm of rigid demand, wet copper follows the upward quotation to a discount of about
150 / ton.
The willingness to exchange cash in the market is still dominant, and before delivery, the basis of the next month has a greater impact on the quotation, and the guidance
of the spread change is concerned.
If the premium falls, it remains attractive
for traders to buy.