March 20 Copper Market Afternoon Review

Today's Shanghai electrolytic copper spot contract discount of 50 yuan / ton ~ flat water, flat water copper transaction price of 38180 yuan / ton ~ 38440 yuan / ton, premium copper transaction price of 38200 yuan / ton ~ 38460 yuan / ton
.
After the copper price over-falling, the bears closed a large number of positions and rebounded to more than
38,000 yuan / ton today.
Morning market discount 10 ~ liter 10 yuan / ton, market inquiry enthusiasm is high, low price replenishment willingness is obvious, buyers have a general price pressure, morning market flat water copper in the discount of 30-20 yuan / ton to have a transaction, good copper forced to reduce to a discount of 20-10 yuan / ton, the transaction strength is not as good as flat water copper
.

In the second trading session, in order to increase the amount of cash exchanged for shipments, the supply and demand cooperated with each other, flat water copper as low as 50 ~ discount 40 yuan / ton, low-price source transaction positive, good copper quotation was lowered to the discount of 30 yuan / ton line, wet copper maintained at 70 yuan / ton line
。 Today's domestic and foreign markets temporarily stopped falling, profit bears temporarily left the market, copper prices were able to breathe, 38,000 yuan / ton of copper prices almost four years low, downstream into the market bargain buying replenishment actively, market buying is improved, the transaction is acceptable, but copper prices are still under short control in the short term, and have not reversed the trend of weak markets, so after a round of replenishment, the market cautious sentiment depends, continuous buying still has concerns
.