March 6 Copper Market Afternoon Review

Today's Shanghai electrolytic copper spot contract discount of 60 yuan / ton ~ premium 120 yuan / ton, flat water copper trading price 49820 yuan / ton ~ 49930 yuan / ton, premium copper trading price 49970 yuan / ton ~ 50050 yuan / ton
。 Shanghai copper slightly lower, sorted out at 49900 yuan / ton line, the next month contract spread maintained a back structure, and has expanded to 70-80 yuan / ton, so that today's market spot premium further return to the rational structure, morning holders quoted a discount of 20 yuan / ton ~ 120 yuan / ton, the premium structure is difficult to get market recognition, the market once again opened the downward quotation mode, good copper quickly dropped to 100 ~ 110 yuan / ton, flat water copper holders cash sentiment is stronger, quotation self-discount 20 yuan / ton / The ton was reduced to a discount of 50 yuan / ton
.

In the second trading stage, the market under the guidance of some traders to increase the intensity of dumping, once again appeared a falling price adjustment, good copper appeared quotation premium 80 ~ 90 yuan / ton, flat water copper quotation has been discounted more than 60 yuan / ton, downstream purchase volume is small, wet copper transaction difficult, quotation discount 130 yuan / ton price adjustment to 170 yuan / ton
.
The change in the spread structure has made the holders show a clear mood of selling goods for cash, and there is still room
for the discount to expand under the situation of continuous near and far weakness in the situation of concentrated transaction of selling.