March 27 Copper Market Afternoon Review

Today's Shanghai electrolytic copper spot contract reported a premium of 30 yuan / ton ~ 80 yuan / ton, flat water copper trading price of 38780 yuan / ton ~ 38980 yuan / ton, and premium copper trading price of 38790 yuan / ton ~ 39000 yuan / ton
.
Shanghai copper continued to walk out of the wide range of deep V around 39,000 yuan / ton
.
At the beginning of the opening of the morning market, the holder put in the trial, the quotation of flat water copper premium 20 yuan / ton was quickly closed, then flat water copper quickly pushed up to 40 ~ 50 yuan / ton quotation firm, good copper premium 50 ~ 60 yuan / ton, the monthly ticket quotation on the basis of the next monthly ticket rose by about
20 yuan / ton.
Wet copper maintained the upward range, and the full premium shipment was offered, and the quotation was about
10 yuan / ton of premium.
Traders lead the market, take the lead in trading, downstream to maintain bargain hunting and appropriate purchases, today the market continues to be under the control of sellers, traders maintain a high degree of activity, the tide of receiving goods is active, the holding of the price is resolute, the overall trading atmosphere has been greatly improved
.

The pandemic has forced lockdowns in many countries, threatening supply chains and demand prospects for many commodities, including base metals; Copper gradually returned to fundamental pricing, China's January and February copper concentrate and refined copper imports were normal, scrap copper imports decreased sharply, electrolytic copper is still in a state of excess, spot copper prices are expected to rise and fall today
.