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    Home > Chemicals Industry > New Chemical Materials > March 14 Shanghai copper afternoon review

    March 14 Shanghai copper afternoon review

    • Last Update: 2022-12-09
    • Source: Internet
    • Author: User
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    Recently, LME copper stocks continue to increase, inhibiting copper price rebound momentum, downstream digestion inventory pressure is greater, Shanghai copper main force in the morning is still at the 52,000 yuan mark shock, because the macro is still short maintenance, it is expected that copper prices in the short term is still under pressure, as downstream consumption gradually picks up, scrap copper shortage effect appears, we expect that the future market copper prices or open a shock recovery trend, beware of major bearish news, temporarily maintain a weak shock view, should not chase sharply
    .

    Shanghai copper

    In terms of the market, Shanghai copper rebounded to 51500 yuan / ton of the first line, tomorrow will be delivered, the next month price difference continues to expand to 320 ~ 350 yuan / ton range, holders continue to raise water, flat water copper premium 10 ~ 20 yuan / ton favor, the receipt of enthusiastic, good copper premium 40 ~ 50 yuan / ton performance is also more active than the previous two days, especially traders with financial ability to enter the market to receive goods, good copper flat water copper equal, downstream continue to receive goods, maintain enthusiasm
    。 After 11 o'clock, the plate continued to rise, the spread expanded to about 360 yuan / ton, traders led the market transaction, the premium was raised to 30 ~ 70 yuan / ton, close to delivery, the large spread provided a basis and basis
    for the improvement of market activity.

    Scrap copper market, the market supply is obviously in short supply, the current holders are more willing to sell, downstream enterprises after the end of the holiday began one after another, market transactions gradually recovered, downstream in the environmental protection policy under the continuous high-pressure situation of no obvious procurement demand, the overall transaction is relatively light
    .

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