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In the last trading day, the main force of Shanghai copper 1805 opened at 52390 yuan / ton, the beginning of the session to a high of 52580 yuan / ton, then rushed back down, the low to 52110 yuan / ton, down 110 yuan / ton, closed at 52340 yuan / ton, warehouse increased 5714 to 262,000 lots
.
In terms of the market, as of 2018-3-2, the spot price of SMM 1# electrolytic copper was 51925 yuan / ton, down 1080 yuan / ton from the previous week, and 175 yuan / ton discount to the near-month contract.
After the cross-month period, the import profit window opened, and the willingness to import copper for cash was high, but the downstream stopped and waited after
the sharp decline in the market.
Shanghai copper recently showed strong resistance to falls, Shanghai ratio is at a high level, import profit window open, below 52000 position support appeared, although the current inventory accumulation is obvious, but from the data of previous years, the inventory after the year has increased to a common phenomenon, follow-up attention to the downstream demand after the resumption of work
.
It is expected that the copper price is expected to stabilize around 52000 in the short term, and the Shanghai copper 1805 range is 52000~52600 yuan / ton
.
In terms of spot, the downstream replenishment strength is general, the premium discount is slightly expanded, and the subsequent downstream is expected to recover after resuming work, and it is expected that today's discount is 180 ~ discount 130 yuan / ton
.